New Issue: Citigroup prices $230,000 digital notes linked to S&P 500

By Kiku Steinfeld

Chicago, Feb. 26 – Citigroup Global Markets Holdings Inc. priced $230,000 of 0% digital notes due Dec. 31, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the closing level of the index on trading any day is equal to or less than its 85% downside knock-out level or equal to or greater than its 115% upside knock-out level.

If a knock-out event does not occur, the payout at maturity will be 15.25%. If a knock-out event occurs, investors will receive par plus 5.25%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$230,000
Maturity:	Dec. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If closing level of index is equal to or less than downside knock-out level or equal to or greater than upside knock-out level, par plus 5.25%; otherwise, par plus 15.25%
Initial level:	4,328.82
Upside knock-out level:	115% of initial level
Downside knock-out level:	85% of initial level
Pricing date:	June 26, 2023
Settlement date:	June 29, 2023
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.65%
Cusip:	17291RGP1

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