New Issue: Citigroup prices $1.08 million 0% barrier securities linked to Dow, S&P

By Kiku Steinfeld

Chicago, March 13 – Citigroup Global Markets Holdings Inc. priced $1.08 million of 0% barrier securities due Dec. 4, 2024 linked to the Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 114.92% of the worst performing index return. Investors will receive par if the worst performing index declines but ends above the 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Barrier securities
Underlying indexes:	Dow Jones industrial average and S&P 500 index
Amount:	$1,083,000
Maturity:	Dec. 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 114.92% of worst performing index return; par if worst performing index declines but finishes above the 70% barrier; otherwise exposure to decline in worst performing index
Upside leverage:	114.92%
Cap:	None
Initial levels:	33,849.46 for Dow, 3,963.94 for S&P
Final barriers:	23,694.622 for Dow, 2,774.758 for S&P, 70% of initial level
Call:	Non-callable
Pricing date:	Nov. 28, 2022
Settlement date:	Dec. 1
Agent:	Citigroup Global Markets Inc.
Fees:	0.4%
Cusip:	17330YLR9

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