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Published on 1/31/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $559,000 enhanced barrier digital notes linked to three stocks

Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. priced $559,000 of 0% enhanced barrier digital securities due Aug. 3, 2023 linked to the worst performing of the common stocks of Apple Inc., Bank of America Corp. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the lesser-performing stock is greater than or equal to its final barrier level, 75% of its initial level, the payout at maturity will be par plus 23.9%. Otherwise, investors will lose 1% for every 1% that the lesser-performing underlying declines from its initial level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced barrier digital securities
Underlying stocks:Apple Inc., Bank of America Corp. and JPMorgan Chase & Co.
Amount:$559,000
Maturity:Aug. 3, 2023
Coupon:0%
Price:Par
Payout at maturity:If final level of lesser-performing underlying is greater than or equal to final barrier level, par plus 23.9%; otherwise, 1% loss for every 1% that lesser-performing underlying declines from initial level
Initial levels:$157.65 for Apple, $35.68 for BofA, $119.36 for JPMorgan
Final barrier levels:$118.238 for Apple, $26.76 for BofA, $89.52 for JPMorgan, or 75 % of initial levels
Pricing date:April 29, 2022
Settlement date:May 4, 2022
Underwriter:Citigroup Global Markets Inc.
Fees:1%
Cusip:17330FHX2

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