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Published on 3/19/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $49,000 0% buffer securities linked to Nasdaq-100, Russell 2000

New York, March 19 – Citigroup Global Markets Holdings Inc. priced $49,000 of 0% buffer securities due Jan. 3, 2025 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 200% of the worst performing index return subject to a maximum return of par plus 22%. Investors will receive par if the worst performing index declines but ends above the 20% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying indexes:Nasdaq-100 index and Russell 2000 index
Amount:$49,000
Maturity:Jan. 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 200% of worst performing index return subject to a maximum return of par plus 22%; par if worst performing index declines but finishes above the 20% buffer; otherwise exposure to decline in worst performing index beyond buffer
Upside leverage:200%
Cap:22%
Initial levels:15,179.21 for Nasdaq-100 index, 1,888.734 for Russell 2000 index
Buffer:20%
Buffer levels:12,143.368 for Nasdaq-100 index, 1,510.987 for Russell 2000 index, 80% of initial level
Call:Non-callable
Pricing date:June 30, 2023
Settlement date:July 6, 2023
Agent:Citigroup Global Markets Inc.
Fees:0.85%
Cusip:17291RCT7

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