New Issue: Citigroup prices $688,000 0% barrier level digital securities on Nasdaq, Russell, S&P

By Kiku Steinfeld

Chicago, July 3 – Citigroup Global Markets Holdings Inc. priced $688,000 of 0% barrier level digital securities due Feb. 10, 2028 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 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 65%. Investors will receive par if the worst performing index declines but ends above the 70% barrier level and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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:	Barrier level digital securities
Underlying indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$688,000
Maturity:	Feb. 10, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains, par plus 65%; par if worst performing index declines but finishes above the 70% barrier level; otherwise exposure to decline in worst performing index
Digital payment:	65%
Cap:	None
Initial levels:	12,728.27 for Nasdaq, 1,972.609 for Russell, 4,164.00 for S&P
Final barrier levels:	8,909.789 for Nasdaq, 1,380.826 for Russell, 2,914.800 for S&P, 70% of initial levels
Call:	Non-callable
Pricing date:	Feb. 7, 2023
Settlement date:	Feb. 10, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	1.125%
Cusip:	17331CMK0

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