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Published on 2/24/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $6.05 million 0% barrier securities linked to Dow, S&P

Chicago, Feb. 24 – Citigroup Global Markets Holdings Inc. priced $6.05 million of 0% barrier securities due Feb. 23, 2028 linked to the worst performing of the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 200% of the worst performing index return subject to a maximum return of par plus 71%. Investors will receive par if the worst performing index declines but ends above the 75% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Barrier securities
Underlying indexes:Dow Jones industrial average and S&P 500 index
Amount:$6.05 million
Maturity:Feb. 23, 2028
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 200% of worst performing index return subject to a maximum return of par plus 71%; par if worst performing index declines but finishes above the 75% barrier; otherwise, exposure to decline in worst performing index
Upside leverage:200%
Cap:71%
Initial levels:33,826.69 for Dow, 4,079.09 for S&P index
Final barriers:25,370.018 for Dow, 3,059.318 for S&P index, 75% of initial levels
Call:Non-callable
Pricing date:Feb. 17
Settlement date:Feb. 23
Agent:Citigroup Global Markets Inc.
Fees:3%
Cusip:17331CR41

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