New Issue: Citi sells $200,000 leveraged market-linked notes on stocks

By Kiku Steinfeld

Chicago, Feb. 15 – Citigroup Global Markets Holdings Inc. priced $200,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Nov. 23, 2026 linked to the worst performing of the stocks of Apple Inc., Amazon.com, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus 190% of any worst performing stock gain.

Investors will receive par if the worst performing stock falls by up to 25% and will be fully exposed to the decline of the worst performing stock if it falls by more than 25%.

Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities with leveraged upside participation and contingent downside
Underlying stocks:	Apple Inc., Amazon.com, Inc. and Alphabet Inc.
Amount:	$200,000
Maturity:	Nov. 23, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 190% of any worst performing stock gain; par if the worst performing stock falls by up to 25%; full exposure to losses of worst performing stock if it falls by more than 25%
Initial stock level:	$148.79 for Apple, $97.12 for Amazon, $98.85 for Alphabet
Threshold level:	$111.5925 for Apple, $72.84 for Amazon, $74.1375 for Alphabet, 75% of initial levels
Pricing date:	Nov. 16, 2022
Settlement date:	Nov. 21, 2022
Agents:	Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
Fees:	3.125%
Cusip:	17330YN48

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