New Issue: Citi sells $1.18 million callable contingent coupon equity notes on S&P, Russell, Nasdaq

Chicago, Dec. 14 – Citigroup Global Markets Holdings Inc. priced $1.18 million of callable contingent coupon equity-linked securities due Jan. 6, 2023 linked to the worst performing of the S&P 500 index, 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 7.2% if each index closes at or above its coupon barrier level, 75% 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 call valuation date after three months.

If the notes have not been called, the payout at maturity will be par unless any index finishes below its 70% barrier level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:	$1,177,000
Maturity:	Jan. 6, 2023
Contingent coupon:	7.2% per year, payable monthly if each index closes at or above coupon barrier on the valuation date for that period
Price:	Par
Payout at maturity:	Par unless any index finishes below its final barrier level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
Call option:	In whole at par plus any coupon due on any monthly call valuation date after three months
Initial levels:	13,091.44 for Nasdaq, 3,972.89 for S&P, 2,220.519 for Russell
Coupon barrier levels:	9,818.580 for Nasdaq, 2,979.668 for S&P, 1,665.389 for Russell; 75% of initial levels
Final barrier levels:	9,164.008 for Nasdaq, 2,781.023 for S&P, 1,554.363 for Russell; 70% of initial levels
Pricing date:	March 31
Settlement date:	April 6
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17329FBL7

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