New Issue: Citigroup prices $500,000 0% barrier securities linked to 20+ year bond ETF

Chicago, May 12 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Dec. 22, 2022 linked to the iShares 20+ Year Treasury Bond ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains the payout at maturity will be par plus 200% of the ETF return subject to a maximum return of par plus 8.25%. Investors will receive par if the ETF declines but ends above the 90% barrier and will lose 1% for every 1% that the ETF declines if it finishes below the barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying ETF:	iShares 20+ Year Treasury Bond ETF
Amount:	$500,000
Maturity:	Dec. 22, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 200% of ETF return subject to a maximum return of par plus 8.25%; par if ETF declines but finishes above the 90% barrier; otherwise, exposure to decline in ETF
Upside leverage:	200%
Cap:	8.25%
Initial level:	$112.08
Final barrier:	$100.872, 90% of initial level
Call:	Non-callable
Pricing date:	June 17, 2022
Settlement date:	June 23, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	17330PE54

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