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Published on 5/1/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $500,000 upturn securities on ARK ETFs

Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% upturn securities due June 5, 2025 linked to the worst performing of the ARK Fintech Innovation ETF, the ARK Genomic Revolution ETF and the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the worse performing ETF is greater than or equal to its initial level, the payout at maturity will be par plus 187% of the return of that ETF.

If the final level of the worse performing ETF is less than the initial level, investors will be fully exposed to the decline of the worse performing ETF.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Upturn securities
Underlying ETFs:ARK Fintech Innovation ETF, ARK Genomic Revolution ETF and ARK Innovation ETF
Amount:$500,000
Maturity:June 5, 2025
Coupon:0%
Price:Par
Payout at maturity:If the final level of the worse performing ETF is greater than or equal to its initial level, par plus 187% of the return of that ETF; otherwise, full exposure to the decline of the worse performing ETF
Initial levels:$18.12 for Fintech, $31.91 for Genomic, $42.63 for Innovation
Strike date:May 26, 2022
Pricing date:June 2, 2022
Settlement date:June 7, 2022
Underwriter:Citigroup Global Markets Inc.
Fees:0.75%
Cusip:17330PA90

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