New Issue: Citigroup sells $2 million 14.85% equity-linked securities on J&J, Peloton, Pinterest

Chicago, Feb. 14 – Citigroup Global Markets Holdings Inc. priced $2 million of equity-linked securities due April 25, 2023 tied to the least performing of the shares of Johnson & Johnson, Peloton Interactive, Inc. and Pinterest, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 14.85% per year, payable monthly.

If each stock finishes at or above 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the losses of the worst performer. The final fixed coupon will be paid in either case.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Johnson & Johnson, Peloton Interactive, Inc. and Pinterest, Inc.
Amount:	$2 million
Maturity:	April 25, 2023
Coupon:	14.85% annual rate, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par; otherwise, full exposure to losses of worst performer; final coupon will be paid in either case
Initial levels:	$162.69 for Johnson, $107.75 for Peloton, $73.91 for Pinterest
Barrier levels:	$97.614 for Johnson, $64.650 for Peloton, $44.346 for Pinterest; 60% of initial levels
Strike date:	April 19, 2021
Pricing date:	April 20, 2021
Settlement date:	April 23, 2021
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17329FKD5

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