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Published on 8/28/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.28 million barrier securities linked to Dow, Nasdaq

New York, Aug. 28 – Citigroup Global Markets Holdings Inc. priced $1.28 million of 0% barrier securities due Aug. 23, 2028 linked to the Dow Jones industrial average and the Nasdaq-100 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 160.5% of that index’s return.

Investors will receive par if the worst performing index declines but ends at or above the 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.

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 securities
Underlying indexes:Dow Jones industrial average and Nasdaq-100 index
Amount:$1,284,000
Maturity:Aug. 23, 2028
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 160.5% of that index’s return; par if worst performing index declines but finishes at or above the 70% barrier; otherwise, lose 1% for every 1% decline of worst performing index from initial level
Initial levels:34,500.66 for Dow Jones industrial average, 14,694.84 for Nasdaq-100 index
Final barriers:24,150.462 for Dow Jones industrial average, 10,286.388 for Nasdaq-100 index, 70% of initial levels
Pricing date:Aug. 18
Settlement date:Aug. 23
Agent:Citigroup Global Markets Inc.
Fees:0.6%
Cusip:17291QDH4

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