New Issue: Citigroup prices $250,000 callable contingent coupon notes on S&P

Chicago, Jan. 24 – Citigroup Global Markets Holdings Inc. priced $250,000 of callable contingent coupon equity-linked securities due April 29, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7.8% if the index closes at or above its 70% coupon barrier on the related quarterly valuation date.

The securities may be called at par starting April 25, 2023 and on any subsequent quarterly determination date.

The payout at maturity will be par if the index ends at or above its 70% final barrier. Otherwise, investors will lose 1% for every 1% that the index declines.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Callable contingent coupon equity-linked securities
Underlying index:	S&P 500 index
Amount:	$250,000
Maturity:	April 29, 2027
Coupon:	7.8% annual rate, payable quarterly if the index closes at or above its 70% coupon barrier on the related valuation date
Price:	Par
Payout at maturity:	If index finishes at or above final barrier par; 1% loss for every 1% that index declines if it ends below final barrier
Call:	At par starting April 25, 2023 and on any subsequent quarterly determination date at option of issuer
Initial level:	4,296.12
Coupon barrier:	3,007.284, 70% of initial level
Final barrier:	3,007.284, 70% of initial level
Pricing date:	April 25, 2022
Settlement date:	April 28, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17330FEQ0

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