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Published on 8/17/2023 in the Prospect News Structured Products Daily.

New Issue: Citi prices $651,000 7.25% autocallable market-linked notes on Decrement indexes

Chicago, Aug. 17 – Citigroup Global Markets Holdings Inc. priced $651,000 of 0% autocallable market-linked notes due July 29, 2027 linked to the Nasdaq-100 Total Return 2% Decrement index, Russell 2000 2% Decrement index and S&P 500 3% Decrement index TR, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at par plus a 7.5% annual premium if each index closes above its initial level on any annual valuation date.

If the worst performing index finishes at or above its initial level the payout at maturity will be par plus the final 37.5% premium. Otherwise, investors will receive par.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Autocallable market-linked notes
Underlying indexes:Nasdaq-100 Total Return 2% Decrement index, Russell 2000 2% Decrement index and S&P 500 3% Decrement index TR
Amount:$651,000
Maturity:July 29, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus final 37.5% call premium if all three indexes close above initial levels; otherwise, par
Call:Automatically starting after one year at par plus a 7.5% annualized call premium if each index closes above its initial level on the related call date and any subsequent annual call date
Initial levels:858.57 for Nasdaq, 1,344.40 for Russell, 821.59 for S&P
Pricing date:July 26, 2022
Settlement date:July 29, 2022
Agent:Citigroup Global Markets Inc.
Fees:3.25%
Cusip:17330PWT2

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