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Published on 9/14/2021 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $2 million capped buffer in-gears linked to Dow

By William Gullotti

Buffalo, N.Y., Sept. 14 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% capped buffer in-gears due Jan. 6, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index return is greater than or equal to 37%, the payout at maturity will be par plus 45%.

If the index return is less than 37% but greater than or equal to -13%, the payout at maturity will be par plus 0.9 times the quantity of the return less -13%.

Otherwise, investors will lose 1% for every 1% decline in the index beyond 13%.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Capped buffer in-gears
Underlying index:Dow Jones industrial average
Amount:$2 million
Maturity:Jan. 6, 2027
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is greater than 37%, par plus 45%; if the index return is less than 37% but greater than -13%, par plus 0.9 times the quantity of the return minus -13%; otherwise, lose 1% for every 1% decline below 13%
Initial level:Average of index closing levels over three-month period from Sept. 2 to and including Dec. 1
Final level:Average of index closing levels over the three-month period from Oct. 1, 2026 to and including Dec. 31, 2026
Pricing date:Sept. 3
Settlement date:Sept. 9
Agents:Citigroup Global Markets Inc.
Fees:0.5%
Cusip:17329L663

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