New Issue: Citigroup sells $715,000 bearish leveraged securities tied to utilities fund

Chicago, Sept. 13 – Citigroup Global Markets Holdings Inc. priced $715,000 of 0% bearish leveraged securities due Oct. 28, 2022 linked to the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the ETF’s final level is greater than or equal to the 91.68% barrier value, the payout at maturity will be the minimum payout, or $231.69 per $1,000 principal amount.

If the ETF finishes below the barrier value, investors will receive the minimum payout plus an additional amount equal to $1,000 times 1.768346 times any fund decline, subject to a maximum payout of $9,073.42 per $1,000 principal amount.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Bearish leveraged securities
Underlying ETF:	Utilities Select Sector SPDR Fund
Amount:	$715,000
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the final ETF level greater than or equal to barrier value, minimum payout; if the ETF finishes below barrier value, par times 1.768346 times the fund decline which is the final barrier value minus the ETF’s final level, plus the minimum payout, subject to maximum payout of $9,073.42 per note
Initial level:	$76.35
Barrier value:	$70.00; 91.68% of initial level
Minimum payout:	$231.69 per $1,000 principal amount
Maximum payout:	$9,073.42 per $1,000 principal amount
Pricing date:	Aug. 29, 2022
Settlement date:	Sept. 9, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	None
Cusip:	17330N716

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