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Published on 11/7/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.05 million buffer securities linked to SPDR ETF

New York, Nov. 7 – Citigroup Global Markets Holdings Inc. priced $1.05 million of 0% buffer securities due May 2, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of par plus 61.5%.

Investors will receive par if the ETF declines up to 10% and will lose 1% for every 1% that the ETF declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying fund:Energy Select Sector SPDR Fund
Amount:$1,047,000
Maturity:May 2, 2024
Coupon:0%
Price:Par
Payout at maturity:If ETF gains, par plus 150% of ETF return, subject to a maximum return of par plus 61.5%; par if ETF declines up to 10%; otherwise, 1% loss for every 1% decline beyond buffer
Initial level:$89.25
Buffer level:$80.325, 90% of initial level
Upside leverage:150%
Cap:61.5%
Buffer:10%
Pricing date:Oct. 28
Settlement date:Nov. 2
Agent:Citigroup Global Markets Inc.
Fees:0.725%
Cusip:17330YDV9

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