Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has announced the issuance of Autocallable Contingent Coupon Equity Linked Securities, which are linked to the worst performing of three underlyings: the Consumer Staples Select Sector SPDR Fund, Microsoft Corporation, and the Utilities Select Sector SPDR Fund. These unsecured debt securities, due on May 12, 2027, offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of potentially lower actual yields, significant loss of principal, and the possibility of automatic redemption prior to maturity. The securities are guaranteed by Citigroup Inc. and are subject to the credit risk of both the issuer and the guarantor...Show More

Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has announced the issuance of Autocallable Contingent Coupon Equity Linked Securities, which are linked to the worst performing of three underlyings: the Consumer Staples Select Sector SPDR Fund, Microsoft Corporation, and the Utilities Select Sector SPDR Fund. These unsecured debt securities, due on May 12, 2027, offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of potentially lower actual yields, significant loss of principal, and the possibility of automatic redemption prior to maturity. The securities are guaranteed by Citigroup Inc. and are subject to the credit risk of both the issuer and the guarantor. The initial offering took place on May 9, 2024, with an issue date of May 13, 2024. The securities will not be listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The estimated value of the securities at the time of pricing is $953.20 per security, which is less than the issue price of $1,000.00 per security.