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Published on 8/8/2022 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $467,000 buffer securities linked to S&P, Russell

Chicago, Aug. 8 – Citigroup Global Markets Holdings Inc. priced $467,000 of 0% buffer securities due Dec. 26, 2025 linked to the worst performing of the Russell 2000 index 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 payout at maturity will be par plus any positive return of the laggard underlier up to a maximum of 46.5%.

If the laggard underlier falls by up to 15%, the payout will be par. Investors will be exposed to declines in the laggard underlier beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Buffer securities
Underlying assets:Russell 2000 index, S&P 500 index
Amount:$467,000
Maturity:Dec. 26, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any positive return of laggard underlier up to a maximum of 46.5%; par if laggard underlier falls by up to 15%; lose 1% for every 1% decline of laggard underlier beyond 15%
Initial levels:2,139.875 for Russell, 4,568.02 for S&P
Buffer levels:1,818.894 for Russell, 3,882.817 for S&P; 85% of initial levels
Pricing date:Dec. 20, 2021
Settlement date:Dec. 23, 2021
Underwriter:Citigroup Global Markets Inc.
Fees:3.5%
Cusip:17329UVD0

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