New Issue: Citigroup prices $115,000 enhanced barrier digital securities linked to Amazon

By Kiku Steinfeld

Chicago, June 5 – Citigroup Global Markets Holdings Inc. priced $115,000 of 0% enhanced barrier digital securities due Jan. 30, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its 75% final barrier, the payout at maturity will be par plus the 30% digital payment. Otherwise, investors will receive a number of shares equal to $1,000 divided by the stock’s initial level or, at the issuer’s option, the cash equivalent.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlying stock:	Amazon.com, Inc.
Amount:	$115,000
Maturity:	Jan. 30, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above its 75% final barrier, par plus 30% digital return; otherwise, 10.29018 shares per note, or the cash equivalent at the issuer’s option
Initial level:	$97.18
Upside payment:	34%
Final barrier:	$72.885, 75% of initial level
Pricing date:	Jan. 25, 2023
Settlement date:	Jan. 30, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	1.75%
Cusip:	17331AAR2

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