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Published on 3/31/2023 in the Prospect News Structured Products Daily.

New Issue: Citi prices $752,000 buffered digital plus securities on S&P, Russell

By Kiku Steinfeld

Chicago, March 31 - Citigroup Global Markets Holdings Inc. priced $752,000 of 0% buffered digital plus securities due Dec. 14, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index return is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 38% and the return of the lesser performing index.

If either index falls by up to 15%, the payout at maturity will be par.

If either index falls by more than 15%, investors will lose 1% for every 1% that the lesser performing index declines beyond 15%.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered digital plus securities
Underlying indexes:S&P 500 and Russell 2000
Amount:$752,000
Maturity:Dec. 14, 2026
Coupon:0%
Price:Par
Payout at maturity:If each index return is greater than or equal to initial level, par plus the greater of 38% and the return of the lesser performing; par if either index falls by up to 15%; 1% loss per 1% decline beyond 15%
Initial index levels:3,934.38 for S&P, 1,796.661 for Russell
Buffer values:3,344.223 for S&P, 1,527.162 for Russell, 85% of initial values
Pricing date:Dec. 9
Settlement date:Dec. 14
Underwriter:Citigroup Global Markets Inc.
Fees:0.95%
Cusip:17330YXL9

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