New Issue: Citi sells $15.92 million contingent income callable notes on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Feb. 25 – Citigroup Global Markets Holdings Inc. priced $15.92 million of contingent income callable securities due Feb. 23, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes pay a contingent quarterly coupon at an annualized rate of 6.5% if each index closes at or above its coupon barrier level, 60% of its initial level, on the observation date that period.

The notes will be callable at par plus any quarterly coupon valuation date.

If the notes are not redeemed early, the payout will be par unless any index finishes below 60% of its initial level, in which case investors will lose 1% for every 1% that the least performing index declines.

Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management acting as a selected dealer.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Contingent income callable securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index and S&P 500 index
Amount:	$15,924,000
Maturity:	Feb. 23, 2024
Contingent coupon:	6.5% per year, payable quarterly if each index closes at or above its coupon barrier level on the observation date that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below its final barrier level, in which case investors will lose 1% for every 1% that the least performing index declines
Call option:	At par plus any coupon due on any quarterly valuation date
Initial levels:	2,009.333 for Russell, 4,348.87 for S&P, 14,009.54 for Nasdaq
Coupon barriers:	1,205.6 for Russell, 2,609.322 for S&P, 8,405.724 for Nasdaq; 60% of initial levels
Final barriers:	1,205.6 for Russell, 2,609.322 for S&P, 8,405.724 for Nasdaq; 60% of initial levels
Pricing date:	Feb. 18
Settlement date:	Feb. 24
Underwriter:	Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as selected dealer
Fees:	2%
Cusip:	17330AE40

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