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Published on 3/12/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $2.25 million market-linked notes linked to SPDR Gold Trust

Chicago, March 12 – Citigroup Global Markets Holdings Inc. priced $2.25 million of 0% market-linked notes due Sept. 11, 2025 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 100% of the fund return, subject to a maximum return of par plus 23.4%. Otherwise, investors be fully exposed to the first 5% of losses, with a minimum payout of $950 per $1,000 note.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Market-linked notes
Underlying fund:SPDR Gold Trust
Amount:$2,250,000
Maturity:Sept. 11, 2025
Coupon:0%
Price:Par
Payout at maturity:If the fund gains, par plus the return, capped at par plus 23.4%; otherwise, full exposure to losses, with minimum payout of $950 per $1,000 note
Initial level:$189.31
Upside leverage:100%
Cap:23.4%
Pricing date:Feb. 29
Settlement date:March 5
Agent:Citigroup Global Markets Inc.
Fees:1.25%
Cusip:17291LKG9

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