New Issue: Citigroup sells $365,000 enhanced barrier digital notes on index, ETF

By Kiku Steinfeld

Chicago, April 20 – Citigroup Global Markets Holdings Inc. priced $365,000 of 0% enhanced barrier digital securities due Dec. 26, 2025 linked to the worse performing of the iShares MSCI EAFE ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the final level of the lesser-performing asset is greater than or equal to its barrier level, 60% of its initial level, the payout at maturity will be par plus 28%. Otherwise, investors will be fully exposed to the decline of the lesser-performing asset from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Enhanced barrier digital securities
Underlying assets:	iShares MSCI EAFE ETF, Russell 2000 index
Amount:	$365,000
Maturity:	Dec. 26, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of the lesser-performing asset is greater than or equal to its barrier level, par plus 28%; otherwise, investors will be fully exposed to the decline of the lesser-performing asset from its initial level
Initial levels:	1,776.941 for index, $66.20 for fund
Barrier levels:	1,066.165 for index, $39.720 for fund; 60% of initial levels
Pricing date:	Dec. 21, 2022
Settlement date:	Dec. 27, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.95%
Cusip:	17330YUJ7

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