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Published on 3/11/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.9 million upturn securities linked to Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., March 11 – Citigroup Global Markets Holdings Inc. priced $1.9 million of 0% upturn securities due March 12, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 158% of the laggard index’s return.

Investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Upturn securities
Underlying indexes:Russell 2000 index, Nasdaq-100 index
Amount:$1,899,000
Maturity:March 12, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus 158% of the gain of the least performing index; full exposure to decline of worst performer from its initial level
Initial index levels:13,319.38 for Nasdaq, 1,951.329 for Russell
Pricing date:March 7
Settlement date:March 10
Underwriter:Citigroup Global Markets Inc.
Fees:0.8%
Cusip:17330AQG0

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