New Issue: Citigroup sells $1 million 8.9% equity-linked securities on three stocks

By Kiku Steinfeld

Chicago, Oct. 24 – Citigroup Global Markets Holdings Inc. priced $1 million of equity-linked securities due March 1, 2024 tied to the least performing of the shares of Advanced Micro Devices, Inc., Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 8.9% per year, payable monthly.

If each stock finishes at or above 50% of its initial level, the payout at maturity will be par plus the final fixed coupon. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying assets:	Advanced Micro Devices, Inc., Amazon.com, Inc. and Apple Inc.
Amount:	$1 million
Maturity:	March 1, 2024
Coupon:	8.9%, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier, par plus final fixed coupon; otherwise, full exposure to decline of worst performer from its initial level
Initial levels:	$115.65 for AMD, $3,003.95 for Amazon, $164.32 for Apple
Barrier levels:	$57.825 for AMD, $1,501.975 for Amazon, $82.160 for Apple; 50% of initial levels
Pricing date:	Feb. 23, 2022
Settlement date:	Feb. 28, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17330AQ88

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