New Issue: Citigroup prices $165,000 dual directional buffer securities linked to index basket

Chicago, Oct. 12 – Citigroup Global Markets Holdings Inc. priced $165,000 of 0% dual directional buffer securities due Oct. 3, 2025 linked to an equal basket containing the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes flat or gains, the payout at maturity will be par plus the return capped at par plus 47%.

The payout will be par plus the absolute value of the basket return if it declines but ends at or above the 85% buffer level.

Otherwise, investors will lose 1% for every 1% that the basket 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 basket:	Russell 2000 index and S&P 500 index, equal weights
Amount:	$165,000
Maturity:	Oct. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If basket finishes flat or gains, par plus basket return capped at par plus 47%; par plus absolute value of basket return if basket declines but ends at or above 85% buffer level; otherwise, 1% loss for every 1% that basket declines beyond 15%
Initial levels:	1,664.716 for Russell, 3,585.62 for S&P
Buffer level:	85% of initial level
Buffer:	15%
Pricing date:	Sept. 30, 2022
Settlement date:	Oct. 5, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	1.2%
Cusip:	17330REX9

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