By Wendy Van Sickle
Columbus, Ohio, July 22 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% capped buffer in-gears due Jan. 6, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes above 111% of its initial level, the payout at maturity will be par plus 26% plus the product of the underlying return minus 11% times a 1.9 upper upside gearing. The payout will be capped at par plus 45%.
If the index finishes between 91% and 111% of its initial level, the payout will be the difference between the index return and negative 9% all multiplied by the lower upside gearing of 1.3 times.
If the index declines more than 9%, investors will lose 1% for every 1% decline beyond the 9% buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped buffer in-gears
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| Underlying index: | Dow Jones industrial average
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| Amount: | $2 million
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| Maturity: | Jan. 6, 2027
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index finishes above 111% of initial level, par plus 26% plus the product of the underlying return minus 11% times a 1.9 upper upside gearing, capped at par plus 45%; if index finishes between 91% and 111% of initial level, difference between index return and negative 9% all multiplied by lower upside gearing of 1.3 times; otherwise, investors will lose 1% for every 1% decline beyond 9% buffer
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| Initial level: | Average of index closing levels over three-month period from May 24 to and including Aug. 20
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| Final level: | Average of index closing levels over the three-month period from Oct. 1, 2026 to and including Jan. 6, 2027
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| Threshold levels: | 91% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 28
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 0.5%
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| Cusip: | 17329D679
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