New Issue: Citigroup prices $90,000 enhanced barrier digital securities linked to Amazon

By Kiku Steinfeld

Chicago, Oct. 9 – Citigroup Global Markets Holdings Inc. priced $90,000 of 0% enhanced barrier digital securities due March 27, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes above its 80% final barrier, then the payout at maturity will be par plus the 32% digital payment. Otherwise the notes will pay par less 1% for every 1% decline of the stock, payable in 10.13069 shares or cash at the option of the issuer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlying stock:	Amazon.com, Inc.
Amount:	$90,000
Maturity:	March 27, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If stock finishes at or above its 80% final barrier, par plus 32% digital return; otherwise, 1% loss for every 1% that stock declines, payable in 10.13069 shares or cash at the option of the issuer
Initial level:	$98.71
Upside payment:	32%
Final barrier:	$78.968, 80% of initial level
Pricing date:	March 23, 2023
Settlement date:	March 28, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	1.75%
Cusip:	17331ADS7

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