New Issue: Citigroup prices $1.63 million market-linked securities linked to indexes

By Kiku Steinfeld

Chicago, Feb. 21 – Citigroup Global Markets Holdings Inc. priced $1.63 million of 0% market-linked securities due Nov. 20, 2023 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst performing index is positive, the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 16.85%. Otherwise, investors will be exposed to the loss of the least performing index, capped at a maximum loss of $50 per each $1,000 face amount of notes.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:	$1,625,000
Maturity:	Nov. 20, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 100% of index return subject to a maximum return of par plus 16.85%; investors will be exposed to the loss of the least performing index, capped at maximum loss of $50 per each $1,000 face amount of note
Initial levels:	33,536.70 for Dow, 11,700.94 for Nasdaq, 3,957.25 for S&P
Upside leverage:	100%
Cap:	16.85%
Pricing date:	Nov. 14, 2022
Settlement date:	Nov. 17, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	0.65%
Cusip:	17330YTT7

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