New Issue: Citigroup prices $1.04 million dual directional barrier securities on Dow ETF

Chicago, Feb. 28 – Citigroup Global Markets Holdings Inc. priced $1.04 million of 0% dual directional barrier securities due Oct. 31, 2024 tied to the SPDR Dow Jones industrial average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the ETF finishes at or above the initial level, the payout at maturity will be par plus the return of the ETF, up to a maximum return of 30%.

If the ETF falls but finishes at or above the 80% barrier level, the payout at maturity will be par plus the absolute value of the ETF return.

Otherwise, the payout will be par plus the ETF return, with full exposure to losses payable in cash or shares at the issuer’s option.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Dual directional barrier securities
Underlying ETF:	SPDR Dow Jones industrial average ETF Trust
Amount:	$1,035,000
Maturity:	Oct. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the ETF finishes at or above the initial level, par plus return of ETF, up to a maximum return of 30%; if the ETF falls but finishes at or above the barrier level, par plus the absolute value of the ETF return; otherwise, 2.94265 ETF shares or the cash value, at the issuer’s option
Initial ETF level:	$339.83
Barrier level:	$271.864, 80% of initial level
Pricing date:	April 27, 2021
Settlement date:	April 30, 2021
Agent:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	17328NNR5

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