New Issue: Citi prices $928,000 market-linked notes due 2026 tied to S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, July 23 – Citigroup Global Markets Holdings Inc. priced $928,000 of 0% market-linked securities — leveraged upside participation and contingent downside due July 22, 2026 linked to the worst performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the worse performing index is greater than the initial level, the payout at maturity will be par plus 150% of the return of that index.

If the final level of the worse performing index is less than the initial level by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked securities — leveraged upside participation and contingent downside
Underlying indexes:	S&P 500 index, Dow Jones industrial average
Amount:	$928,000
Maturity:	July 22, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any gain of worse performing index; if worse performing index falls by up to 25%, par; otherwise, full exposure to decline of worse performing index
Initial index levels:	3,224.73 for S&P, 26,671.95 for Dow
Final barrier levels:	2,418.5475 for S&P, 20,003.9625 for Dow
Pricing date:	July 17
Settlement date:	July 22
Agents:	Citigroup Global Markets Inc.
Fees:	3.97%
Cusip:	17328W4T2

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