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Published on 12/8/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $260,000 0% buffer securities linked to SPDR Gold Trust

Chicago, Dec. 8 – Citigroup Global Markets Holdings Inc. priced $260,000 of 0% buffer securities due April 4, 2024 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains the payout at maturity will be par plus 150% of the ETF return subject to a maximum return of par plus 24%. Investors will receive par if the ETF declines but ends above the 10% buffer and will lose 1% for every 1% that the ETF 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 ETF:SPDR Gold Trust
Amount:$260,000
Maturity:April 4, 2024
Coupon:0%
Price:Par
Payout at maturity:If ETF gains, par plus 150% of ETF return subject to a maximum return of par plus 24%; par if ETF declines but finishes above the 10% buffer; otherwise, exposure to decline in ETF beyond buffer
Upside leverage:150%
Cap:24%
Initial level:$179.50
Buffer level:$161.55, 90% of initial level
Buffer:10%
Call:Non-callable
Pricing date:April 1
Settlement date:April 6
Agent:Citigroup Global Markets Inc.
Fees:2%
Cusip:17330AYZ9

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