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Published on 12/9/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $971,000 0% buffer securities linked to Russell 2000, S&P 500

Chicago, Dec. 9 – Citigroup Global Markets Holdings Inc. priced $971,000 of 0% buffer securities due April 9, 2024 linked to the worst performing of the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 150% of the worst performing index return subject to a maximum return of par plus 26.5%. Investors will receive par if the worst performing index declines but ends above the 20% buffer and will lose 1% for every 1% that the worst performing index declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying indexes:Russell 2000 index and S&P 500 index
Amount:$971,000
Maturity:April 9, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 150% of worst performing index return subject to a maximum return of par plus 26.5%; par if worst performing index declines but finishes above the 20% buffer; otherwise, exposure to decline in worst performing index beyond buffer
Upside leverage:150%
Cap:26.5%
Initial levels:2,095.440 for Russell, 4,582.64 for S&P
Buffer:20%
Buffer levels:1,676.352 for Russell, 3,666.112 for S&P, 80% of initial levels
Call:Non-callable
Pricing date:April 4
Settlement date:April 7
Agent:Citigroup Global Markets Inc.
Fees:0.8%
Cusip:17330F6C0

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