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Published on 4/19/2024 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $721,000 contingent fixed return notes linked to Palo Alto

Chicago, April 19 – Citigroup Global Markets Holdings Inc. priced $721,000 of 0% market-linked securities – contingent fixed return and contingent downside due Jan. 30, 2025 linked to the common stock of Palo Alto Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the 65% threshold level, the payout at maturity will be par plus 10.25%. If the final share price is less than the threshold level, investors will be exposed to the stock’s decline from its initial share price.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the lead agent, and Wells Fargo Securities LLC is agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Market-linked securities – contingent fixed return and contingent downside
Underlying stock:Palo Alto Networks, Inc.
Amount:$721,000
Maturity:Jan. 30, 2025
Coupon:0%
Price:Par
Payout at maturity:If final share price is greater than or equal to threshold level, par plus 10.25%; otherwise, 1% loss for every 1% that stock declines from initial share price
Initial share price:$337.74
Threshold level:$219.531, or 65% of initial share price
Pricing date:Jan. 19
Settlement date:Jan. 24
Agents:Citigroup Global Markets Inc. and Wells Fargo Securities LLC
Fees:2.57%
Cusip:17291TP36

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