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Published on 1/31/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $885,000 0% buffer securities linked to Dow, Russell, S&P

Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. priced $885,000 of 0% buffer securities due May 2, 2024 linked to the Dow Jones industrial average, Russell 2000 index 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 145% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 5% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying indexes:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$885,000
Maturity:May 2, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 145% of worst performing index return; par if worst performing index declines but finishes above the 5% buffer; otherwise, exposure to decline in worst performing index beyond buffer
Upside leverage:145%
Cap:None
Initial levels:32,977.21 for Dow, 1,864.103 for Russell, 4,131.93 for S&P
Buffer levels:31,328.35 for Dow, 1,770.898 for Russell, 3,925.334 for S&P, 95% of initial levels
Buffer:5%
Call:Non-callable
Pricing date:April 29, 2022
Settlement date:May 4, 2022
Agent:Citigroup Global Markets Inc.
Fees:1%
Cusip:17330FF30

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