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Published on 9/26/2023 in the Prospect News Structured Products Daily.

New Issue: Citigroup sells $700,000 8.7% equity-linked securities on S&P, Russell, Nasdaq

Chicago, Sept. 26 – Citigroup Global Markets Holdings Inc. priced $700,000 of equity-linked securities due Sept. 26, 2024 tied to the performance of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B8 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 8.7% per year, payable monthly.

If each index finishes at or above 60% of its initial level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Global Markets Holdings Inc.
Guarantor:Citigroup Inc.
Issue:Equity-linked securities
Underlying indexes:S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:$700,000
Maturity:Sept. 26, 2024
Coupon:8.7% per year, payable monthly
Price:Par
Payout at maturity:If each index finishes at or above barrier, par; otherwise, full exposure to decline of worst performer from initial level
Initial levels:3,855.93 for S&P, 1,787.504 for Russell, 11,851.54 for Nasdaq
Barrier levels:2,313.558 for S&P, 1,072.502 for Russell, 7,110.924 for Nasdaq; 60% of initial levels
Strike date:Sept. 20, 2022
Pricing date:Sept. 21, 2022
Settlement date:Sept. 26, 2022
Underwriter:Citigroup Global Markets Inc.
Fees:0.4%
Cusip:17330RGE9

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