New Issue: Citigroup sells $318,000 autocallable securities tied to Russell, S&P 500 Dynamic index

Chicago, May 18 – Citigroup Global Markets Holdings Inc. priced $318,000 of 0% autocallable securities due July 1, 2027 linked to the worst performing of the Russell 2000 index and S&P 500 Dynamic Participation index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting on June 28, 2023 with a premium of a 9.5% annual rate if the worst performing index closes above 95% of its initial value and on any subsequent quarterly review date.

If the worst performing index gains or declines by no more than its 95% autocall barrier the payout at maturity will be par plus the premium for the final valuation date. If the worst performer declines more than 5% but not more than 15%, the payout will be par. Otherwise investors will lose 1% for every 1% that the worst performing index declines beyond its 15% 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:	Autocallable securities
Underlying indexes:	Russell 2000 index and S&P 500 Dynamic Participation index
Amount:	$318,000
Maturity:	July 1, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index closes above autocall barrier, par plus premium for final valuation date; par if worst performing index declines more than 5% but finishes at or above its 85% buffer; otherwise, 1% loss for every 1% that worst performing index declines beyond the 15% buffer
Call:	Automatically starting on June 28, 2023 with a premium of a 9.5% annual rate if the worst performing index closes above its autocall barrier value and on any subsequent quarterly review date
Initial levels:	1,771.742 for Russell, 584.46 for Dynamic index
Autocall barrier levels:	1,683.155 for Russell, 555.237 for Dynamic index; 95% of initial levels
Buffer level:	1,505.981 for Russell, 496.791 for Dynamic index, 85% of initial levels
Buffer:	15%
Pricing date:	June 27, 2022
Settlement date:	June 30, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	4%
Cusip:	17330P5A3

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