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Published on 8/16/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $540,000 0% barrier securities linked to Dow, S&P

Chicago, Aug. 16 – Citigroup Global Markets Holdings Inc. priced $540,000 of 0% barrier securities due July 23, 2024 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 116.75% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 70% 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:$540,000
Maturity:July 23, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 116.75% of worst performing index return; par if worst performing index declines but finishes above the 70% barrier; otherwise, exposure to decline in worst performing index
Initial levels:31,072.61 for Dow, 3,830.85 for S&P
Final barriers:21,750.827 for Dow, 2,681.595 for S&P, 70% of initial levels
Upside leverage:116.75%
Cap:None
Call:Non-callable
Pricing date:July 18, 2022
Settlement date:July 21, 2022
Agent:Citigroup Global Markets Inc.
Fees:0.4%
Cusip:17330PQN2

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