# EDGAR Filing Document

**Accession Number:** 0000831001
**File Stem:** 0000950103-23-003370
**Filing Date:** 2023-3
**Character Count:** 10562
**Document Hash:** 888ceeb7c88e7c2a1178033f138726d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-23-003370.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0000950103-23-003370

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230228

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP INC
- **CENTRAL INDEX KEY:** 0000831001
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 521568099
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-255302
- **FILM NUMBER:** 23688726

**BUSINESS ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2125591000

**MAIL ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS GROUP INC
- **DATE OF NAME CHANGE:** 19950519

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS INC
- **DATE OF NAME CHANGE:** 19940103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRIMERICA CORP /NEW/
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP INC
- **CENTRAL INDEX KEY:** 0000831001
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **IRS NUMBER:** 521568099
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2125591000

**MAIL ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS GROUP INC
- **DATE OF NAME CHANGE:** 19950519

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS INC
- **DATE OF NAME CHANGE:** 19940103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRIMERICA CORP /NEW/
- **DATE OF NAME CHANGE:** 19920703

Preliminary Terms This summary of terms is not complete and should be read with the pricing supplement below Issuer: Citigroup Global Markets Holdings Inc. Guarantor: Citigroup Inc. Underlyings: S&P 500® Index (ticker: "SPX"), Russell 2000® Index (ticker: " RTY ") and Nasdaq - 100 Index® (ticker: " NDX ") Pricing date: March 31, 2023 Valuation date: October 1 , 2024 Maturity date: Unless earlier redeemed, October 4 , 2024 Coupon: 8.50% to 9.50 %\* per annum, paid monthly Downside threshold value : For each underlying, 70% of its initial underlying value Downside event: If the final underlying value of the worst performer on the valuation date is less than its downside threshold value Automatic early redemption: If on any autocall date the closing value of the worst performer is above its initial underlying value, the securities will be automatically called for an amount equal to the principal plus the related coupon Autocall dates: Monthly, beginning after six months CUSIP / ISIN: 17331CWJ2 / US17331CWJ25 Initial underlying value: For each underlying, its closing value on the pricing date Final underlying value: For each underlying, its closing value on the valuation date Underlying return: For each underlying on any date, (current closing value - initial underlying value) / initial underlying value Worst performer: On any date, the underlying with the lowest underlying return Payment at maturity (if not autocalled): You will receive at maturity, for each security you then hold, the final coupon payment plus: • If a downside event does not occur: $1,000 • If a downside event occurs: $1,000 + ($1,000 × the underlying return of the worst performer on the valuation date) If the securities are not automatically redeemed prior to maturity and a downside event occurs , you will receive significantly less than the stated principal amount of your securities, and possibly nothing, at maturity. All payments on the securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Stated principal amount: $1,000 per security Pricing Supplement: Preliminary Pricing Supplement dated February 28, 2023 \*The actual coupon will be determined on the pricing date. \*\* The hypotheticals assume the coupon will be set to the lowest value indicated in this offering summary Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc. 1.5 Year Autocallable Equity Linked Securities Linked to the Worst of SPX, RTY and NDX Hypothetical Interim Payment per Security\*\* Hypothetical Worst Underlying Return on Valuation Date Hypothetical Payment at Maturity 100.00% $1,007.083 75.00% $1,007.083 50.00% $1,007.083 25.00% $1,007.083 0.00% $1,007.083 - 30.00% $1,007.083 - 30.01% $706.983 - 50.00% $507.083 - 75.00% $257.083 - 100.00% $7.083 Assumes the securities have not been automatically redeemed prior to maturity and includes the final coupon payment Hypothetical Underlying Return of Worst Performer on an Autocall Date Hypothetical Payment on the Immediately Following Coupon Payment Date Hypothetical Redemption 100.00% $1,007.083 Redeemed 50.00% $1,007.083 Redeemed 25.00% $1,007.083 Redeemed 0.00% $1,007.083 Redeemed - 10.00% $7.083 Securities not redeemed - 20.00 % $7.083 Securities not redeemed - 25.00% $7.083 Securities not redeemed - 75.00% $7.083 Securities not redeemed - 100.00% $7.083 Securities not redeemed Hypothetical Payment at Maturity per Security\*\* If the closing value of the worst performer is greater than or equal to its initial underlying value on any autocall date, then the securities will be automatically redeemed prior to maturity.

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Selected Risk Considerations • You may lose a some or all of your investment. Unlike conventional debt securities, the securities do not provide for the repayment of the stated principal amount at maturity in all circumstances. If the securities are not automatically redeemed prior to maturity, your payment at maturity will depend on the final underlying value of the worst performer on the valuation date. If the final underlying value of the worst performer on the valuation date is less than its downside threshold value , you will lose 1% of the stated principal amount of your securities for every 1% by which the worst performer on the valuation date has declined from its initial underlying value. There is no minimum payment at maturity on the securities (excluding the final coupon payment), and you may lose up to all of your investment. • The securities may be automatically redeemed prior to maturity, limiting your opportunity to receive coupon payments . • Higher coupon payment rates are associated with greater risk. • You will be subject to risks relating to the relationship among the underlyings. The less correlated the underlyings, the more likely it is that any one of the underlyings will perform poorly over the term of the securities. All that is necessary for the securities to perform poorly is for one of the underlyings to perform poorly. • The securities offer downside exposure to the worst performer, but no upside exposure to any underlying. • The return on the securities depends solely on the performance of the worst performer. As a result, t he securities are subject to the risks of each of the underlyings and will be negatively affected if any one performs poorly. • The performance of the securities will depend on the closing values of the underlyings solely on the autocall dates and the valuation date, which makes the securities particularly sensitive to volatility in the closing values of the underlyings on or near the autocall dates and the valuation date. • The securities are unsecured debt securities and are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. If Citigroup Global Markets Holdings Inc. defaults on its obligations under the securities and Citigroup Inc. defaults on its guarantee obligations, you may not receive anything owed to you under the securities. • The securities will not be listed on any securities exchange and you may not be able to sell them prior to maturity. • The estimated value of the securities on the pricing date will be less than the issue price. For more information about the estimated value of the securities, see the accompanying preliminary pricing supplement. • The value of the securities prior to maturity will fluctuate based on many unpredictable factors. • The Russell 2000® Index is subject to risks associated with small capitalization stocks • The issuer and its affiliates may have conflicts of interest with you. • The U.S. federal tax consequences of an investment in the securities are unclear. The above summary of selected risks does not describe all of the risks associated with an investment in the securities. You should read the accompanying preliminary pricing supplement and product supplement for a more complete description of risks relating to the securities. Additional Information Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed registration statements (including the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus in those registration statements (File Nos. 333 - 255302 and 333 - 255302 - 03) and the other documents Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed with the SEC for more complete information about Citigroup Global Markets Holdings Inc., Citigroup Inc. and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request these documents by calling toll - free 1 - 800 - 831 - 9146. Filed pursuant to Rule 433 This offering summary does not contain all of the material information an investor should consider before investing in the securities. This offering summary is not for distribution in isolation and must be read together with the accompanying preliminary pricing supplement and the other documents referred to therein, which can be accessed via the link on the first page. Citigroup Global Markets Holdings Inc. Guaranteed by Citigroup Inc.