New Issue: Citi sells $1.01 million autocallable securities on MSCI World Dividend Growers Quality

By Kiku Steinfeld

Chicago, Sept. 15 – Citigroup Global Markets Holdings Inc. priced $1.01 million of 0% autocallable securities due Feb. 1, 2024 linked to the MSCI World Dividend Growers Quality Select index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will be automatically called at par plus 10% if the index closes at or above its initial level on Feb. 3, 2023.

At maturity, investors will receive par plus 150% of any index gain. If the index falls by up to 20%, the payout will be par. If the index falls by more than 20%, investors will lose 1% for each 1% decline of the index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable securities
Underlying index:	MSCI World Dividend Growers Quality Select
Amount:	$1,009,000
Maturity:	Feb. 1, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain; par if index falls by up to 20%; otherwise, 1% loss for each 1% decline of the index
Call:	Automatically at par plus 10% if index closes at or above its initial level on Feb. 3, 2023
Initial level:	2,682.1201
Trigger level:	2,145.696, 80% of initial level
Pricing date:	Jan. 28, 2022
Settlement date:	Feb. 2, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	17330AFA5

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