By William Gullotti
Buffalo, N.Y., Nov. 9 – Citigroup Global Markets Holdings Inc. priced $2 million of 0% capped buffer in-gears due Oct. 5, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index return is greater than or equal to 36%, the payout at maturity will be par plus 39.3%.
If the index return is less than 36% but greater than or equal to 6%, the payout at maturity will be par plus 26% plus 0.4433 times the quantity of the return less 6%.
If the index return is less than 6% but greater than or equal to negative 14%, the payout at maturity will be par plus 1.3 times the quantity of the return plus 14%.
If the index declines more than 14%, investors will lose 1% for every 1% decline in the index below the buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Capped buffer in-gears
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| Underlying index: | S&P 500 index
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| Amount: | $2 million
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| Maturity: | Oct. 5, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is greater than 36%, par plus 39.3%; if the index return is less than 36% but greater than or equal to 6%, par plus 26% plus 0.4433 times the quantity of the return minus 6%; if the index return is less than 6% but greater than or equal to negative 14%, par plus 1.3 times the quantity of the return plus 14%; otherwise, lose 1% for every 1% decline beyond 14%
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| Initial level: | Average of index closing levels over three-month period from Nov. 2 to and including Feb. 1, 2022
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| Final level: | Average of index closing levels over the three-month period from July 1, 2026 to and including Sept. 30, 2026
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 8
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| Agents: | Citigroup Global Markets Inc.
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| Fees: | 0.25%
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| Cusip: | 17329T138
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