New Issue: Citigroup prices $446,000 0% barrier securities linked to Nasdaq, Russell

By Kiku Steinfeld

Chicago, May 15 – Citigroup Global Markets Holdings Inc. priced $446,000 of 0% barrier securities due Feb. 15, 2024 linked to the Nasdaq-100 index and Russell 2000 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 300% of the worst performing index return subject to a maximum return of par plus 29.6%. Investors will receive par if the worst performing index declines but ends above the 85% 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:	Nasdaq-100 index and Russell 2000 index
Amount:	$446,000
Maturity:	Feb. 15, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 300% of worst performing index return subject to a maximum return of par plus 29.6%; par if worst performing index declines but finishes above the 85% barrier; otherwise exposure to decline in worst performing index
Upside leverage:	300%
Cap:	29.6%
Initial levels:	11,205.78 for Nasdaq, 1,822.653 for Russell
Final barriers:	9,524.913 for Nasdaq, 1,549.255 for Russell, 85% of initial levels
Call:	Non-callable
Pricing date:	Jan. 10, 2023
Settlement date:	Jan. 13, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	0.43%
Cusip:	17331C4P9

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