New Issue: Citigroup prices $538,000 autocallable market-linked notes tied to Russell, Nasdaq

By Kiku Steinfeld

Chicago, Oct. 11 – Citigroup Global Markets Holdings Inc. priced $538,000 of 0% autocallable market-linked notes due March 27, 2026 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will be automatically called at par plus an annualized 9% call premium if each index closes at or above its initial level on any annual valuation date.

If the notes have not been called and each index finishes flat or gains, the payout at maturity will be par plus 27%.

Otherwise, investors will receive par.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Global Markets Holdings Inc.
Guarantor:	Citigroup Inc.
Issue:	Autocallable market-linked notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$538,000
Maturity:	March 27, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 27%; otherwise, par
Call:	Automatically at par plus an annualized 9% call premium if each index closes at or above its initial level on any annual valuation date
Initial levels:	1,734.923 for Russell, 12,767.05 for Nasdaq
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Underwriter:	Citigroup Global Markets Inc.
Fees:	0.75%
Cusip:	17331CYF8

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