New Issue: Citigroup sells $500,000 geared buffer securities tied to S&P, Dow

Chicago, May 18 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% geared buffer securities due June 27, 2025 linked to the worst performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 1.0475 times any gain of the least performing index.

Investors will receive par if the laggard index falls by up to 40% and will lose 1.666667% per 1% drop of the laggard index beyond 40%.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Geared buffer securities
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$500,000
Maturity:	June 27, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 104.75% of any gain of laggard index; par if laggard index declines by up to 40%; 1.666667% loss for every 1% decline of laggard index beyond 40%
Initial index level:	3,911.74 for S&P, 31,500.68 for Dow
Buffer level:	2,347.044 for S&P, 18,900.408 for Dow, 60% of initial level
Pricing date:	June 24, 2022
Settlement date:	June 29, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.3%
Cusip:	17330PKQ1

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