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Published on 12/1/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $1.12 million enhanced buffered digital securities linked to S&P ETF

Chicago, Dec. 1 – Citigroup Global Markets Holdings Inc. priced $1.12 million of 0% enhanced buffered digital securities due April 30, 2024 linked to the performance of the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the ETF finishes at or above 70% of its initial level, the payout at maturity will be par plus 11.25%.

Otherwise, investors will lose 1% for every 1% decline beyond 30%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Enhanced buffered digital securities
Underlying ETF:SPDR S&P 500 ETF Trust
Amount:$1,115,000
Maturity:April 30, 2024
Coupon:0%
Price:Par
Payout at maturity:If the ETF finishes at or above 70% of its initial level, par plus 11.25%; otherwise, lose 1% for every 1% decline below 30%
Initial level:$384.92
Buffer level:$269.444; 70% of initial level
Pricing date:Oct. 25, 2022
Settlement date:Oct. 28, 2022
Underwriter:Citigroup Global Markets Inc.
Fees:0.725%
Cusip:17330Y6R6

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