New Issue: Citigroup prices $400,000 12.6% securities linked to Apple, Costco, Ford

By Angela McDaniels

Tacoma, Wash., June 8 – Citigroup Global Markets Holdings Inc. priced $400,000 of 12.6% equity-linked securities due July 16, 2025 linked to the worst performing of the common stocks of Apple Inc., Costco Wholesale Corp. and Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the worst performing stock finishes below its downside threshold, 60% of its initial share price, in which case investors will be exposed to the decline of the worst performing stock from its initial share price.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Equity-linked securities
Underlying stocks:	Apple Inc., Costco Wholesale Corp. and Ford Motor Co.
Amount:	$400,000
Maturity:	July 16, 2025
Coupon:	12.6%, payable monthly
Price:	Par
Payout at maturity:	Par unless worst performing stock finishes below downside threshold, in which case exposure to decline of worst performing stock from initial share price
Initial share prices:	$146.35 for Apple, $494.95 for Costco and $11.65 for Ford
Downside thresholds:	$87.81 for Apple, $296.97 for Costco and $6.99 for Ford, or 60% of initial share prices
Strike date:	July 7, 2022
Pricing date:	July 11, 2022
Settlement date:	July 14, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.25%
Cusip:	17330PV22

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