New Issue: Citi prices $2.25 million autocallable contingent coupon equity linked securities on ETFs

New York, Nov. 21 – Citigroup Global Markets Holdings Inc. priced $2.25 million of autocallable contingent coupon equity linked securities due Jan. 2, 2024 linked to the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8% per year, paid monthly, if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date.

The securities will be called automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any monthly valuation date starting March 27, 2023.

If the securities have not been called, the payout at maturity will be par unless either ETF closes below its 60% knock-in value during the life of the notes and either ETF finishes below its initial level, in which case investors will receive a number of shares of the worst performing ETF equal to $1,000 divided by that ETF’s initial level or, at the issuer’s option, the cash equivalent.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity linked securities
Underlying ETFs:	Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust
Amount:	$2.25 million
Maturity:	Jan. 2, 2024
Coupon:	8% per year, paid monthly if the worst performing ETF closes at or above its 60% coupon barrier on the related valuation date
Price:	Par
Payout at maturity:	Par unless either ETF closes below its 60% knock-in value during the life of the notes and either ETF finishes below its initial level, in which case investors will receive a number of shares of the worst performing ETF equal to that ETF’s equity ratio or, at the issuer’s option, the cash equivalent
Call:	Automatically at par if the closing price of the worst performing ETF is greater than or equal to its initial price on any monthly valuation date starting March 27, 2023
Initial levels:	$274.48 for Invesco QQQ Trust, Series 1, $363.38 for SPDR S&P 500 ETF Trust
Coupon barriers:	$164.688 for Invesco QQQ Trust, Series 1, $218.028 for SPDR S&P 500 ETF Trust, 60% of initial levels
Knock-in values:	$164.688 for Invesco QQQ Trust, Series 1, $218.028 for SPDR S&P 500 ETF Trust, 60% of initial levels
Equity ratios:	3.64325 for Invesco QQQ Trust, Series 1, 2.75194 for SPDR S&P 500 ETF Trust, shares per security
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17330DFY7

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