New Issue: Citigroup prices $550,000 8.6% autocallable contingent coupon notes on indexes

By Kiku Steinfeld

Chicago, March 26 – Citigroup Global Markets Holdings Inc. priced $550,000 of autocallable contingent coupon equity linked securities due July 3, 2025 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.6% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.

The securities will be called automatically starting Jan. 2, 2024 if the level of the worst performing index is greater than or equal to its initial level on a quarterly valuation date.

If the worst performing index finishes at or above its 60% final barrier the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the worst performing index declines.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity linked securities
Underlying indexes:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$550,000
Maturity:	July 3, 2025
Coupon:	8.6% paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
Price:	Par
Payout at maturity:	If worst performing index finishes at or above final barrier par; 1% loss for every 1% that worst performing index declines if it ends below final barrier
Call:	Automatically starting Jan. 2, 2024 if the level of the worst performing index is greater than or equal to its initial level on a quarterly valuation date
Initial levels:	34,407.60 for Dow, 1,888.734 for Russell, 4,450.38 for S&P
Coupon barriers:	24,085.320 for Dow, 1,322.114 for Russell, 3,115.266 for S&P, 70% of initial levels
Final barriers:	20,644.560 for Dow, 1,133.240 for Russell, 2,670.228 for S&P, 60% of initial levels
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	Citigroup Global Markets Inc.
Fees:	0.45%
Cusip:	17291RNR9

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