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Published on 10/12/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $330,000 0% buffer securities linked to Dow, Russell

Chicago, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $330,000 of 0% buffer securities due April 3, 2025 linked to the worst performing of the Dow Jones industrial average and Russell 2000 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 the worst performing index return subject to a maximum return of par plus 50%. Investors will receive par if the worst performing index declines but ends above the 30% 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:Dow Jones industrial average and Russell 2000 index
Amount:$330,000
Maturity:April 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus worst performing index return subject to a maximum return of par plus 50%; par if worst performing index declines but finishes above the 30% buffer; otherwise, exposure to decline in worst performing index beyond buffer
Initial levels:28,725.51 for Dow, 1,664.716 for Russell
Buffer levels:20,107.857 for Dow, 1,165.301 for Russell, 70% of initial levels
Upside leverage:100%
Cap:50%
Buffer:30%
Call:Non-callable
Pricing date:Sept. 30, 2022
Settlement date:Oct. 5, 2022
Agent:Citigroup Global Markets Inc.
Fees:0.95%
Cusip:17330RTQ8

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