New Issue: Citi sells $250,000 9.75% equity-linked securities on Amazon, Starbucks, T-Mobile

Chicago, May 1 – Citigroup Global Markets Holdings Inc. priced $250,000 of equity-linked securities due June 12, 2025 tied to the least performing of the shares of Amazon.com, Inc, Starbucks Corp., and T-Mobile US, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 9.75% per year, payable monthly.

If each stock finishes at or above 60% of its initial level, the payout at maturity will be par plus the final fixed coupon.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Amazon.com, Inc, Starbucks Corp., and T-Mobile US, Inc.
Amount:	$250,000
Maturity:	June 12, 2025
Coupon:	9.75% annual rate, payable monthly
Price:	Par
Payout at maturity:	If each stock finishes at or above downside threshold level, par plus final fixed coupon; otherwise, lose 1% for each 1% decline of the worst performer from initial level
Initial levels:	$2,447.00 for Amazon, $79.05 for Starbucks, $136.61 for T-Mobile
Downside threshold levels:	$1,468.20 for Amazon, $47.43 for Starbucks, $81.966 for T-Mobile; 60% of initial levels
Strike date:	June 3, 2022
Pricing date:	June 7, 2022
Settlement date:	June 10, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17330P3Q0

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