New Issue: Citi sells $890,000 callable fixed-to-float CMS spread range accrual notes on indexes

Chicago, Sept. 1 – Citigroup Global Markets Holdings Inc. priced $890,000 callable fixed-to-float SOFR CMS spread range accrual securities due Aug. 29, 2042 linked to the worst performing of the Dow Jones industrial average, the S&P 500 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The interest rate is 10% for the first four years, payable quarterly. After that, the coupon rate is 50 times the 30-year U.S. dollar SOFR ICE swap rate minus the two-year U.S. dollar SOFR ICE swap rate for each day all three indexes close at or above 50% of their initial levels, subject to a maximum rate of 11% and a floor of zero.

The notes will be callable at par on any quarterly redemption date after one year.

The payout at maturity will be par if each index closes at or above 50% of its initial level.

Otherwise, investors will be fully exposed to the losses of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable fixed-to-float SOFR CMS spread range accrual securities
Underlying indexes:	Dow Jones industrial average, the S&P 500 index and the Euro Stoxx Banks index
Amount:	$890,000
Maturity:	Aug. 29, 2042
Coupon:	10% for first four years, payable quarterly; after that, 50 times 30-year U.S. dollar SOFR ICE swap rate minus the two-year U.S. dollar SOFR ICE swap rate for each day all three indexes close at or above their accrual barriers, subject to a maximum rate of 11% and a floor of zero
Price:	Par
Payout at maturity:	Par if each index finishes above final barrier level; otherwise, full exposure to losses of worst-performing index
Call option:	At par on any quarterly interest payment date after one year
Initial levels:	32,098.99 for Dow, 77.83 for Stoxx Banks, 4,030.61 for S&P
Accrual barrier levels:	16,049.495 for Dow, 38.915 for Stoxx Banks, 2,015.305 for S&P; 50% of initial levels
Final barrier levels:	16,049.495 for Dow, 38.915 for Stoxx Banks, 2,015.305 for S&P; 50% of initial levels
Pricing date:	Aug. 29
Settlement date:	Aug. 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	5%
Cusip:	17330R6V2

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