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Published on 8/29/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $15.35 million 9% trigger callable yield notes linked to S&P, Dow

Chicago, Aug. 29 – Citigroup Global Markets Holdings Inc. priced $15.35 million of 9% trigger callable yield notes due Nov. 29, 2023 linked to the least performing of the S&P 500 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.

Interest is payable monthly.

The notes are callable at par of $10 on any monthly coupon payment date after three months.

The payout at maturity will be par unless the lowest performing index finishes below its 60% downside threshold level, in which case investors will be fully exposed to the index’s decline.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Trigger callable yield notes
Underlying indexes:S&P 500 index, Dow Jones industrial average
Amount:$15,350,970
Maturity:Nov. 29, 2023
Coupon:9%, payable monthly
Price:Par of $10
Payout at maturity:If the lowest performing index finishes at or above downside threshold level, par; otherwise, full exposure to least performing index’s decline from its initial level
Call option:At par on any monthly call date after three months
Initial levels:4,140.77 for S&P, 32,969.23 for Dow
Downside threshold levels:2,484.46 for S&P, 19,781.54 for Dow; 60% of initial levels
Pricing date:Aug. 24
Settlement date:Aug. 29
Agents:Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:0%
Cusip:17330N450

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