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Published on 12/13/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.26 million dual directional buffer securities linked to Russell 2000

New York, Dec. 13 – Citigroup Global Markets Holdings Inc. priced $1.26 million of 0% dual directional buffer securities due Jan. 11, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout will be par plus the index return, subject to a maximum return of par plus 26.1%.

The payout will be par plus the absolute value of the index return if the index declines but ends at or above the 90% buffer.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Dual directional buffer securities
Underlying index:Russell 2000 index
Amount:$1.26 million
Maturity:Jan. 11, 2024
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus index return, subject to a maximum return of par plus 26.1%; par plus absolute value of index return if index declines but ends at or above 90% buffer level; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:1,806.901
Cap:26.1%
Buffer:10%
Buffer level:1,626.2109, 90% of initial level
Pricing date:Dec. 7
Settlement date:Dec. 12
Agent:Citigroup Global Markets Inc.
Fees:0.43%
Cusip:17330YHQ6

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