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Published on 11/30/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1 million 9.15% buffered equity linked securities on indexes

Chicago, Nov. 30 – Citigroup Global Markets Holdings Inc. priced $1 million of 9.15% buffered equity linked securities due Oct. 28, 2024 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Coupons will be paid quarterly.

If the worst performing index gains or declines but by no more than its 15% buffer the payout at maturity will be par. Otherwise investors will lose 1% for every 1% the worst performing index declines beyond its buffer.

The notes are non-callable.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered equity linked securities
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:$1 million
Maturity:Oct. 28, 2024
Coupon:9.15% annual rate, paid quarterly
Price:Par
Payout at maturity:Par if worst performing index gains or declines but by no more than 15% buffer; otherwise, 1% loss for each 1% that worst performing index declines beyond the buffer
Initial levels:31,499.62 for Dow, 11,430.26 for Nasdaq, 3,797.34 for S&P
Buffer levels:26,774.677 for Dow, 9,715.721 for Nasdaq, 3,227.739 for S&P, 85% of initial levels
Buffer:15%
Call:Non-callable
Pricing date:Oct. 25, 2022
Settlement date:Oct. 28, 2022
Agent:Citigroup Global Markets Inc.
Fees:0.4%
Cusip:17330YKY5

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