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Published on 6/7/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $305,000 buffer securities linked to S&P, Russell

Chicago, June 7 – Citigroup Global Markets Holdings Inc. priced $305,000 of 0% buffer securities due Nov. 28, 2025 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The payout at maturity will be par plus any positive return of the laggard index up to a maximum of 45.75%.

If the laggard index falls by up to 15%, the payout will be par. Investors will be exposed to declines in the laggard index beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying indexes:Russell 2000 index, S&P 500 index
Amount:$305,000
Maturity:Nov. 28, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any positive return of laggard index up to a maximum of 45.75%; par if laggard index falls by up to 15%; lose 1% for every 1% decline of laggard index beyond 15%
Initial levels:2,331.348 for Russell, 4,682.94 for S&P
Buffer levels:1,981.646 for Russell, 3,980.499 for S&P; 85% of initial levels
Pricing date:Nov. 22, 2021
Settlement date:Nov. 26, 2021
Underwriter:Citigroup Global Markets Inc.
Fees:3.5%
Cusip:17329UKA8

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