New Issue: Citi sells $2.22 million callable contingent coupon notes on Nasdaq, Russell, Dow, S&P

By Kiku Steinfeld

Chicago, Aug. 6 – Citigroup Global Markets Holdings Inc. priced $2.22 million of callable contingent coupon equity-linked securities due July 31, 2025 linked to the worst performing of the S&P 500 index, the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes pay a contingent monthly coupon at an annualized rate of 8.5% if each asset closes at or above its coupon barrier level, 70% of its initial level, on the valuation date for that period.

The notes will be callable in whole at par plus any coupon due on any monthly valuation date after one year.

If the notes are not redeemed, the payout will be par plus any final coupon unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the loss of the least performing index.

Citigroup Global Markets Inc.is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underlying assets:	Dow Jones industrial average, S&P 500 index, Nadaq-100 index and Russell 2000 index
Amount:	$2,218,000
Maturity:	July 31, 2025
Contingent coupon:	8.5% per year, payable monthly if each asset closes at or above coupon barrier on valuation date for that period
Price:	Par
Payout at maturity:	Par plus any coupon unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the loss of the least performing index
Call option:	In whole at par plus any coupon due on any monthly valuation date after one year
Initial levels:	26,379.28 for Dow, 1,469.755 for Russell, 10,532.50 for Nasdaq and 3,218.44 for S&P
Coupon barriers:	18,465.496 for Dow, 1,028.829 for Russell, 7,372.750 for Nasdaq and 2,252.908 for S&P; 70% of initial levels
Final barriers:	15,827.568 for Dow, 881.853 for Russell, 6,319.50 Nasdaq and 1,931.064 for S&P; 60% of initial levels
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.75%
Cusip:	17328W5Z7

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