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Published on 8/9/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $500,000 19.75% autocallable contingent coupon equity notes on Devon

Chicago, Aug. 9 – Citigroup Global Markets Holdings Inc. priced $500,000 of autocallable contingent coupon equity-linked securities due July 30, 2026 linked to the common stock of Devon Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 19.75% paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date.

The securities will be called automatically at par starting Jan. 26, 2024 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date.

If the stock finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the stock declines.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Autocallable contingent coupon equity-linked securities
Underlying stock:Devon Energy Corp.
Amount:$500,000
Maturity:July 30, 2026
Coupon:19.75% annual rate, paid quarterly if the stock closes at or above its 70% coupon barrier on the related valuation date
Price:Par
Payout at maturity:If stock finishes at or above final barrier par; 1% loss for every 1% that stock declines if it ends below final barrier
Call:Automatically starting Jan. 26, 2024 if the level of the stock is greater than or equal to its initial level and on any subsequent quarterly valuation date
Initial level:$53.40
Coupon barrier:$37.38, 70% of initial level
Final barrier:$32.04, 60% of initial level
Pricing date:July 26
Settlement date:July 31
Agent:Citigroup Global Markets Inc.
Fees:0.6%
Cusip:17291RZU9

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