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Published on 4/14/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $1.11 million of market-linked securities on Russell 2000, S&P 500

By William Gullotti

Buffalo, N.Y., April 14 – Citigroup Global Markets Holdings Inc. priced $1.11 million of market-linked securities due April 11, 2025 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the return of the least performing index, subject to a maximum return of par plus 26%.

If any index declines, investors will lose 1% for every 1% decline of the worst performer with payout floor of $950 per security.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Market-linked securities
Underlying indexes:Russell 2000, S&P 500
Amount:$1,108,000
Maturity:April 11, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus the return of the least performing index, subject to a maximum payout of par plus 26%; otherwise investors will lose 1% for every 1% the worst performer declines from its initial level, subject to a maximum loss of 5% at maturity
Initial levels:1,994.562 for Russell, 4,488.28 for S&P
Pricing date:April 8
Settlement date:April 13
Agent:Citigroup Global Markets Inc.
Fees:0.95%
Cusip:17330FDA6

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