New Issue: Citigroup prices $520,000 contingent barrier notes linked to S&P 500

Chicago, Dec. 4 – Citigroup Global Markets Holdings Inc. priced $520,000 of 0% contingent barrier notes due Nov. 13, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus two times the index return, capped at par plus 19.4%.

If the final index level is less than or equal to the initial index level but greater than or equal to the barrier value, 75% of the initial index level, the payout will be par.

If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines from its initial level.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent barrier notes
Underlying index:	S&P 500 index
Amount:	$520,000
Maturity:	Nov. 13, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus two times the index return, capped at par plus 19.4%; if final index level is less than or equal to initial index level but greater than or equal to barrier value, par; if final index level is less than barrier value, 1% loss for every 1% that index declines from initial level
Initial level:	3,830.60
Barrier value:	2,872.95; 75% of initial level
Strike date:	Oct. 26, 2022
Pricing date:	Oct. 27, 2022
Settlement date:	Nov. 1, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17330YJY7

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