New Issue: Citigroup prices $860,000 bearish upturn securities linked to S&P 500

Chicago, Jan. 17 – Citigroup Global Markets Holdings Inc. priced $860,000 of 0% bearish upturn securities due Jan. 13, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial level, investors will gain 3% for every 1% that the index declines, subject to a maximum return of par plus 67%.

Otherwise, investors will lose 1% for every 1% gain of the index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Bearish upturn securities
Underlying index:	S&P 500 index
Amount:	$860,000
Maturity:	Jan. 13, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index declines, par plus 300% of the absolute value of the index return, capped at par plus 67%; otherwise, lose 1% for every 1% gain of the index
Initial index level:	4,697.24
Pricing date:	Jan. 5
Settlement date:	Jan. 12
Underwriter:	Citigroup Global Markets Inc.
Fees:	2%
Cusip:	17291TRX8

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