New Issue: Citi prices $417,000 principal-at-risk securities linked to CMS rates

By Kiku Steinfeld

Chicago, June 9 – Citigroup Global Markets Holdings Inc. priced $417,000 of principal-at-risk securities due Nov. 23, 2024 linked to the 30-year Constant Maturity Swap rate and the two-year Constant Maturity Swap rate, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest will be paid monthly at an annualized rate of 8.9356%.

At maturity, investors will receive par of $1,000 times the number of calendar days during the Nov. 23, 2023 to Nov. 22, 2024 observation period that the 30-year CMS rate is greater than or equal to the two-year constant CMS rate divided by the number of calendar days in that observation period.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Principal-at-risk securities
Underlying rates:	30-year Constant Maturity Swap rate and two-year Constant Maturity Swap CMS rate
Amount:	$417,000
Maturity:	Nov. 23, 2024
Coupon:	8.9356% per annum, payable monthly
Price:	Par
Payout at maturity:	Par of $1,000 times the proportion of calendar days during the Nov. 23, 2023 to Nov. 22, 2024 observation period that the 30-year CMS rate is greater than or equal to the two-year CMS rate
Pricing date:	Nov. 19, 2021
Settlement date:	Nov. 23, 2021
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17329UGK1

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