New Issue: Citigroup prices $12.8 million contingent coupon autocallables linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 2 – Citigroup Global Markets Holdings Inc. priced $12.8 million of autocallable contingent coupon equity-linked securities due March 3, 2027 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes pay a contingent coupon at the rate of 6.05% per year if the lesser-performing index closes at or above its coupon barrier, 80% of its initial level, on the valuation date for that month.

After one year, the notes will be automatically called at par if the lesser-performing index closes at or above its initial level on any monthly potential autocall date starting Aug. 26, 2021.

The payout at maturity will be par unless either index closes below its final barrier, 60% of its initial level, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$12.8 million
Maturity:	March 3, 2027
Coupon:	6.05% per year, payable monthly if lesser-performing index closes at or above coupon barrier on valuation date for that month
Price:	Par
Payout at maturity:	Par unless either index closes below its final barrier, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level
Call:	After one year, notes will be automatically called at par if lesser-performing index closes at or above initial level on any monthly potential autocall date Aug. 26, 2021
Initial levels:	1,552.761 for Russell, 3,116.39 for S&P
Coupon barrier value:	1,242.209 for Russell, 2,493.112 for S&P, or 80% of initial levels
Final barrier value:	931.657 for Russell, 1,869.834 for S&P, or 60% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 2
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.1%
Cusip:	17328V2L3

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