New Issue: Citigroup prices $750,000 9% securities linked to Truist, Abbott, Union Pacific

By Angela McDaniels

Tacoma, Wash., May 30 – Citigroup Global Markets Holdings Inc. priced $750,000 of 9% equity-linked securities due Jan. 11, 2024 linked to the worst performing of the common stocks of Truist Financial Corp., Abbott Laboratories and Union Pacific Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the worst-performing stock finishes below its downside threshold, 50% of its initial share price, in which case investors will be exposed to the decline of the worst-performing stock.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Truist Financial Corp., Abbott Laboratories and Union Pacific Corp.
Amount:	$750,000
Maturity:	Jan. 11, 2024
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	Par unless worst-performing stock finishes below downside threshold, in which case exposure to decline of worst-performing stock
Initial share prices:	$48.01 for Truist, $109.49 for Abbott and $212.63 for Union Pacific
Downside thresholds:	$24.005 for Truist, $54.745 for Abbott and $106.315 for Union Pacific, or 50% of initial share prices
Strike date:	July 7, 2022
Pricing date:	July 8, 2022
Settlement date:	July 13, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.3%
Cusip:	17330PSM2

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