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Published on 3/27/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $25.55 million dual directional trigger PLUS linked to S&P 500

New York, March 27 – Citigroup Global Markets Holdings Inc. priced $25.55 million of 0% dual directional trigger PLUS due Aug. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return subject to a maximum return of par plus 17.8%. Investors will receive a 1% gain for each 1% loss if the index declines but finishes above the 80% principal barrier and they will lose 1% for every 1% decline if the index ends below its principal 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:Dual directional trigger PLUS
Underlying index:S&P 500 index
Amount:$25,546,840
Maturity:Aug. 5, 2024
Coupon:0%
Price:$10.00
Payout at maturity:If index return is positive, par plus 150% of index return subject to a maximum return of par plus 17.8%; 1% gain for each 1% loss if index declines but ends above principal barrier; full exposure to loss if index ends below principal barrier
Initial level:4,076.6
Principal barrier:3,261.280, 80% of initial level
Upside leverage:150%
Cap:17.8%
Pricing date:Jan. 31
Settlement date:Feb. 3
Agent:Citigroup Global Markets Inc.
Fees:2.5% including a structuring fee of 0.5%
Cusip:17330X722

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