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Published on 11/8/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.12 million dual directional buffer securities linked to Russell, S&P

New York, Nov. 8 – Citigroup Global Markets Holdings Inc. priced $1.12 million of 0% dual directional buffer securities due Sept. 26, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout will be par plus that index’s return.

The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but ends at or above the 85% buffer.

Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Dual directional buffer securities
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$1,123,000
Maturity:Sept. 26, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus that index’s return; par plus absolute value of worst performing index return if worst performing index declines but ends at or above 85% buffer level; otherwise, 1% loss for every 1% that worst performing index declines beyond buffer
Initial levels:1,722.310 for Russell 2000 index, 3,757.99 for S&P 500 index
Buffer:15%
Buffer level:1,463.964 for Russell 2000 index, 3,194.292 for S&P 500 index, 85% of initial level
Pricing date:Sept. 22
Settlement date:Sept. 27
Agent:Citigroup Global Markets Inc.
Fees:0.95%
Cusip:17330RSJ5

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