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Published on 6/14/2022 in the Prospect News Structured Products Daily.

New Issue: Citi sells $500,000 barrier securities on Stoxx, EAFE indexes

Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due Dec. 8, 2026 linked to the worst performing of the MSCI EAFE index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If each index finishes at or above its initial level, payout will be par plus 2.75 times the return of the least-performing index.

If the least-performing index finishes below its initial level but at or above its final barrier level, 70% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Barrier securities
Underlying indexes:MSCI EAFE index, Euro Stoxx 50 index
Amount:$500,000
Maturity:Dec. 8, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index finishes above initial level, par plus 2.75 times the gain of the least-performing index; if any index finishes below its initial level but at or above its final barrier level, par; otherwise, 1% loss for each 1% decline of the worst performer from its initial level
Initial levels:2,235.12 for EAFE, 4,080.15 for Stoxx
Final barrier levels:1,564.584 for EAFE, 2,856.105 for Stoxx; 70% of initial levels
Pricing date:Dec. 3, 2021
Settlement date:Dec. 8, 2021
Underwriter:Citigroup Global Markets Inc.
Fees:0.3%
Cusip:17329UNP2

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