By Wendy Van Sickle
Columbus, Ohio, May 11 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% capped buffer gears due Jan. 6, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is greater than 58%, the payout at maturity will be par of $10 plus 90.5%.
If the index return is greater than 8% but less than 58%, the payout at maturity will be par plus 8% plus 1.65 times any gain of the index beyond 8%.
If the index return is greater than negative 2% but less than 8%, the payout will be par plus 0.8 time the return of the index in excess of negative 2%.
If the index return is between negative 12% and negative 2%, the payout will be par.
Investors will lose 1% for every 1% that the index declines beyond 12%.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped buffer gears
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| Underlying index: | S&P 500
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| Amount: | $2 million
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| Maturity: | Jan. 6, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 90.5% if index gains by more than 58%; if index gains between 8% and 58%, par plus 8%, plus 1.65 times gain in excess of 8%; if index finishes between negative 2% and 8% of initial level, par plus 0.8 times return of index in excess of negative 2%; if index finishes between negative 12% and negative 2%, par; exposure to losses beyond 12%
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| Initial index level: | Average of the closing level of index on each trading day from May 4 through June 2
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| Final index level: | Average of the closing level of index on each trading day from Oct. 2, 2025 through Dec. 31, 2025
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| Buffer level: | 88% of initial level
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| Pricing date: | May 5
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| Settlement date: | May 8
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| Agents: | Citigroup Global Markets Inc. and UBS Financial Services Inc.
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| Fees: | 0.75%
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| Cusip: | 17327Y576
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