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Published on 2/13/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $356,000 buffer securities linked to four indexes

By Kiku Steinfeld

Chicago, Feb. 14 – Citigroup Global Markets Holdings Inc. priced $356,000 of 0% buffer securities due Sept. 3, 2026 linked to the Russell 2000 index, the S&P 500 index, the Nasdaq-100 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.

The payout at maturity will be par plus 185.5% of any positive return of the laggard index.

If the laggard index falls by up to 5%, the payout will be par. Investors will be exposed to declines in the laggard index beyond 5%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying index:Russell 2000 index, S&P 500 index, Dow Jones industrial average, Nasdaq-100 index
Amount:$356,000
Maturity:Sept. 3, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 185.5% of any positive return of laggard index; par if laggard index falls by up to 5%; 1% loss for every 1% decline of laggard index beyond 5%
Initial levels:4,522.68 for S&P, 35,360.73 for Dow, 15,582.51 for Nasdaq, 2,273.774 for Russell
Buffer levels:4,296.546 for S&P, 33,592.694 for Dow, 14,803.385 for Nasdaq, 2,160.085 for Russell; 95% of initial levels
Pricing date:Aug. 31
Settlement date:Sept. 3
Underwriter:Citigroup Global Markets Inc.
Fees:0.55%
Cusip:17329QRU6

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