New Issue: Citigroup prices $742,000 buffered digital securities linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 26 – Citigroup Global Markets Holdings Inc. priced $742,000 of 0% buffered digital securities due Dec. 5, 2023 linked to the S&P 500, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 17%. If the final index level is less than the initial index level but greater than or equal to 90% of the initial index level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

The notes are guaranteed by Citigroup Inc.

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
Amount:	$742,000
Maturity:	Dec. 5, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial index level, par plus 17%; if final index level is less than initial index level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:	4,132.15
Buffer level:	3,718.935, or 90% of initial level
Pricing date:	May 31, 2022
Settlement date:	June 3, 2022
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.725%
Cusip:	17330FNW7

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