New Issue: Citi sells $2.87 million autocallable contingent coupon equity notes on Meta, S&P

By William Gullotti

Buffalo, N.Y., March 11 – Citigroup Global Markets Holdings Inc. priced $2.87 million of autocallable contingent coupon equity-linked securities due March 12, 2025 linked to the performance of Meta Platforms, Inc. stock and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 7.6% if each underlier closes at or above the coupon barrier level, 50% of the initial level, on the valuation date for that period.

The notes will be automatically called at par plus the coupon if each underlier closes at or above its initial level, on any quarterly valuation date after one year.

If the notes are not called and each underlier finishes at or above final barrier level, 50% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable contingent coupon equity-linked securities
Underlying assets:	S&P 500 index, Meta Platforms, Inc.
Amount:	$2,874,795
Maturity:	March 12, 2025
Coupon:	7.6% annualized rate, payable quarterly if each underlier closes at or above coupon barrier level, on valuation date for that period
Price:	Par of $1,000; issued at 99.75
Payout at maturity:	Par plus contingent coupon if each underlier closes at or above final barrier; otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level
Call:	Automatically at par plus coupon if each underlier closes at or above initial level on any quarterly valuation date after one year
Initial levels:	$187.47 for Meta, 4,201.09 for S&P
Coupon barrier levels:	$93.735 for Meta, 2,100.545 for S&P; 50% of initial levels
Final barrier levels:	$93.735 for Meta, 2,100.545 for S&P; 50% of initial levels
Pricing date:	March 7
Settlement date:	March 10
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.75%
Cusip:	17330AVX7

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