New Issue: Citigroup prices $675,000 contingent bearish market-linked notes linked to S&P

Chicago, Sept. 26 – Citigroup Global Markets Holdings Inc. priced $675,000 of 0% contingent bearish market-linked notes due March 27, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par. If the index declines but finishes above the 65% downside knock-out level the payment will be par plus the absolute value of the index return. If the index declines beyond the downside knock-out level the notes will pay par plus the 10% knock-out return.

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 bearish market-linked notes
Underlying index:	S&P 500 index
Amount:	$675,000
Maturity:	March 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par if index return is positive; par plus absolute value of index return if index declines but finishes above the 65% downside knock-out level; par plus 10% if index finishes below the downside knock-out level
Initial level:	3,757.99
Downside knock-out level:	2,442.694, 65% of initial level
Downside return:	10%
Pricing date:	Sept. 22, 2022
Settlement date:	Sept. 27, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17330RL60

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