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Published on 10/12/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $5.59 million dual directional trigger PLUS linked to Russell 2000

New York, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $5.59 million of 0% dual directional trigger PLUS due April 3, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 37.5%.

Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 80% principal barrier and will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a selected dealer.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Dual directional trigger PLUS
Underlying index:Russell 2000 index
Amount:$5,593,110
Maturity:April 3, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 37.5%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to index decline from initial level
Initial level:1,664.716
Principal barrier:1,331.773, 80% of initial level
Upside leverage:200%
Cap:37.5%
Pricing date:Sept. 30
Settlement date:Oct. 5
Agent:Citigroup Global Markets Inc.
Dealer:Morgan Stanley Wealth Management
Fees:3% including a structuring fee of 0.5%
Cusip:17330U793

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