New Issue: Citigroup prices $634,000 8.1% securities linked to S&P, Dow, Nasdaq

By Angela McDaniels

Tacoma, Wash., July 13 – Citigroup Global Markets Holdings Inc. priced $634,000 of 8.1% equity-linked securities due Oct. 31, 2024 linked to the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the least performing index finishes below its downside threshold, 70% of its initial level, in which case investors will lose 1% for every 1% that the least 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:	Equity-linked securities
Underlying index:	S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index
Amount:	$634,000
Maturity:	Oct. 31, 2024
Coupon:	8.1% per year, payable quarterly
Price:	Par
Payout at maturity:	Par unless least performing index finishes below downside threshold, in which case 1% loss for every 1% that least performing index declines from initial level
Initial levels:	4,023.61 for S&P, 32,197.59 for Dow and 12,601.47 for Nasdaq
Downside thresholds:	2,816.527 for S&P, 22,538.313 for Dow and 8,821.029 for Nasdaq, or 70% of initial level
Pricing date:	July 27, 2022
Settlement date:	Aug. 1, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.45%
Cusip:	17330PYH6

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