New Issue: Citigroup sells $750,000 buffered digital securities on S&P 500

By Kiku Steinfeld

Chicago, Nov. 14– Citigroup Global Markets Holdings Inc. priced $750,000 of 0% buffered digital securities due March 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final level of the index is greater than or equal to initial level, the payout at maturity will be par plus 22.25%. If the final level is less than the initial value, but greater than or equal to the buffer value, 83% of the initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 17%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffered digital securities
Underlying index:	S&P 500 index
Amount:	$750,000
Maturity:	March 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater than its initial level, par plus 22.25%; if the final level is less than the initial value, but greater than or equal to the buffer value, the payout will be par; otherwise, 1% loss for every 1% decline beyond 17%
Initial index level:	3,537.8335
Buffer level:	83% of initial level
Pricing date:	March 15, 2022
Settlement date:	March 18, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.75%
Cusip:	17330AM82

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