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Published on 9/25/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $3.74 million autocallable market-linked notes linked to Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, Sept. 25 – Citigroup Global Markets Holdings Inc. priced $3.74 million of 0% autocallable market-linked notes due Sept. 24, 2026 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will be automatically called at par plus an 8% annualized call premium if each index closes at or above its initial level on any annual review date.

If the notes have not been called, the payout at maturity will be par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Autocallable market-linked notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index
Amount:$3,739,000
Maturity:Sept. 24, 2026
Coupon:0%
Price:Par
Payout at maturity:If notes are not called, par
Call:Automatically at par plus 8% annualized premium if each index closes at or above its initial level on any annual review date
Initial levels:1,810.102 for Russell, 34,440.88 for Dow
Pricing date:Sept. 20
Settlement date:Sept. 25
Underwriter:Citigroup Global Markets Inc.
Fees:0.75%
Cusip:17291QQR8

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