New Issue: Citigroup prices $940,000 0% buffer securities linked to S&P 500

Chicago, March 20 – Citigroup Global Markets Holdings Inc. priced $940,000 of 0% buffer securities due May 23, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 100% of the index return subject to a maximum return of par plus 25.9%. Investors will receive par if the index declines but ends above the 20% buffer and will lose 1% for every 1% that the index declines beyond the buffer.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Buffer securities
Underlying index:	S&P 500 index
Amount:	$940,000
Maturity:	May 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 100% of index return subject to a maximum return of par plus 25.9%; par if index declines but finishes above the 20% buffer; otherwise, exposure to decline in index beyond buffer
Upside leverage:	100%
Cap:	25.9%
Initial level:	3,900.79
Buffer:	20%
Buffer level:	3,120.632, 80% of initial level
Call:	Non-callable
Pricing date:	May 19, 2022
Settlement date:	May 24, 2022
Agent:	Citigroup Global Markets Inc.
Fees:	0.95%
Cusip:	17330FRQ6

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