New Issue: Citigroup prices $250,000 7% contingent coupon equity notes linked to S&P

By Kiku Steinfeld

Chicago, June 26 – Citigroup Global Markets Holdings Inc. priced $250,000 of contingent coupon equity linked securities due May 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 7% paid quarterly if the index closes at or above its 75% coupon barrier level on the related valuation date.

The payout at maturity will be par if the index ends at or above its 85% final buffer level. Otherwise investors will lose 1% for every 1% that the index declines below its buffer level.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent coupon equity linked securities
Underlying index:	S&P 500 index
Amount:	$250,000
Maturity:	May 3, 2024
Coupon:	7% paid quarterly if the index closes at or above its 75% coupon barrier level on the related valuation date
Price:	Par
Payout at maturity:	If index finishes at or above final buffer level, par; 1% loss for every 1% that index declines if it ends below its buffer level
Call:	Non-callable
Initial level:	4,076.60
Coupon barrier level:	3,057.450, 75% of initial level
Final buffer level:	3,465.110, 85% of initial level
Pricing date:	Jan. 31, 2023
Settlement date:	Feb. 3, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17331CBX4

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