New Issue: Citigroup prices $724,000 market-linked notes linked to S&P, Russell

By Angela McDaniels

Tacoma, Wash., April 26 – Citigroup Global Markets Holdings Inc. priced $724,000 of 0% market-linked notes due Dec. 5, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index’s final level is greater than its initial level, the payout at maturity will be par plus 120% of the lesser performing index’s return, subject to a maximum return of 15.2%. If the lesser performing index’s final level is less than its initial level, investors will be exposed to the decline, subject to a minimum payout of 95% of par.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Market-linked notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$724,000
Maturity:	Dec. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If lesser performing index’s final level is greater than initial level, par plus 120% of lesser performing index’s return, subject to maximum return of 15.2%; if lesser performing index’s final level is less than initial level, exposure to its decline, subject to minimum payout of 95% of par
Initial levels:	4,132.15 for S&P and 1,864.043 for Russell
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.6%
Cusip:	17330FX89

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