New Issue: Citigroup prices $677,000 autocallable securities linked to S&P 500

By Kiku Steinfeld

Chicago, Sept. 26 – Citigroup Global Markets Holdings Inc. priced $677,000 of 0% autocallable securities due March 17, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting on March 14, 2024 with a premium of a 7.3% annual rate if the index closes above its initial value on a quarterly review date.

If the index gains the payout at maturity will be par plus the premium for the final valuation date. Investors will receive par if the index but ends above the 85% barrier and lose 1% for every 1% that the index declines if it finishes below its 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:	Autocallable securities
Underlying index:	S&P 500 index
Amount:	$677,000
Maturity:	March 17, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial value, par plus premium for final valuation date; par if index declines but finishes at or above its 85% barrier; otherwise 1% loss for every 1% that index declines
Call:	Automatically starting on March 14, 2024 with a premium of a 7.3% annual rate if the index closes above its initial value on a quarterly review date
Initial level:	3,920.56
Final barrier:	3,332.476, 85% of initial level
Pricing date:	March 14, 2023
Settlement date:	March 17, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	3.75%
Cusip:	17331CY68

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