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Published on 12/1/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $872,000 buffered digital securities linked to Dow

Chicago, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $872,000 of 0% buffered digital securities due Jan. 31, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the digital return of 14.75%. Investors will receive par if the index declines no more than 10%. Otherwise, investors will be exposed to losses beyond the 10% buffer.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffered digital securities
Underlying index:Dow Jones industrial average
Amount:$872,000
Maturity:Jan. 31, 2024
Coupon:0%
Price:Par
Payout at maturity:If the final index level is greater than or equal to the initial level, par plus 14.75%; par if index declines but not beyond buffer; exposure to losses beyond the 10% buffer
Initial level:31,839.11
Buffer level:28,655.199, 90% of initial level
Pricing date:Oct. 26, 2022
Settlement date:Oct. 31, 2022
Underwriter:Citigroup Global Markets Inc.
Fees:1.8%
Cusip:17330RS48

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