New Issue: Citi prices $16 million trigger callable contingent yield notes on three indexes

By Wendy Van Sickle

Columbus, Ohio, June 29 – Citigroup Global Markets Holdings Inc. priced $16 million of trigger callable contingent yield notes with daily coupon observation due Dec. 19, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8.5% if each index closes at or above its coupon barrier level, 70% of its initial level, on each trading day during that quarter.

The notes will be callable at par of $10 plus any coupon on any quarterly observation date.

If the notes are not called and each index finishes at or above its downside threshold level, 65% of its initial level, the payout at maturity will be par plus any coupon due. Otherwise, investors will lose 1% for every 1% decline of the least-performing index.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is the selling agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Trigger callable contingent yield notes with daily coupon observation
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, S&P 500 index
Amount:	$16 million
Maturity:	Dec. 19, 2024
Coupon:	8.5% per year, payable quarterly if each index closes at or above its coupon barrier level on each trading day during that quarter
Price:	Par of $10
Payout at maturity:	Par plus any coupon unless any index finishes below downside threshold level, in which case 1% loss for every 1% decline of worst performing index
Call option:	At par plus any coupon on any quarterly observation date
Initial levels:	2,314.691 for Russell, 4,223.7 for S&P, 13,983.01 for Nasdaq
Coupon barrier levels:	1,620.284 for Russell, 2,965.59 for S&P, 9,788.11 for Nasdaq, 70% of initial levels
Knock-in levels:	1,504.549 for Russell, 2,745.41 for S&P, 9,088.96 for Nasdaq, 65% of initial levels
Pricing date:	June 16
Settlement date:	June 21
Agents:	UBS Financial Services Inc. and Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17329D240

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