New Issue: Citigroup prices $500,000 barrier securities linked to SPDR Gold, iShares Silver

By Kiku Steinfeld

Chicago, Dec. 20 – Citigroup Global Markets Holdings Inc. priced $500,000 of 0% barrier securities due April 27, 2028 linked to the common stocks of SPDR Gold Trust and iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing stock gains the payout at maturity will be par plus 129.1% of the worst performing stock return. Investors will receive par if the worst performing stock declines but ends above the 60% barrier and will lose 1% for every 1% that the worst performing stock 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 stocks:	SPDR Gold Trust and iShares Silver Trust
Amount:	$500,000
Maturity:	April 27, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing stock gains, par plus 129.1% of worst performing stock return; par if worst performing stock declines but finishes above the 60% barrier; otherwise exposure to decline in worst performing stock
Upside leverage:	129.1%
Cap:	None
Initial levels:	$184.81 for SPDR Gold Trust, $23.08 for iShares Silver Trust
Final barriers:	$110.886 for SPDR Gold Trust, $13.848 for iShares Silver Trust, 60% of initial level
Call:	Non-callable
Pricing date:	April 24, 2023
Settlement date:	April 27, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	4.125%
Cusip:	17331HNB8

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