Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, due July 1, 2027. These unsecured debt securities are linked to the performance of the worst performing among three specified ETFs: the Invesco QQQ TrustSM, Series 1, the iShares Russell 2000 ETF, and the SPDR S&P 500 ETF Trust. The securities offer potential for periodic contingent coupon payments at an annualized rate of 8.00% per annum, which is higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no coupon payments, receiving less than the principal amount at maturity, or early redemption of the securities. The securities are guaranteed by Citigroup Inc. and are not bank...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, due July 1, 2027. These unsecured debt securities are linked to the performance of the worst performing among three specified ETFs: the Invesco QQQ TrustSM, Series 1, the iShares Russell 2000 ETF, and the SPDR S&P 500 ETF Trust. The securities offer potential for periodic contingent coupon payments at an annualized rate of 8.00% per annum, which is higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no coupon payments, receiving less than the principal amount at maturity, or early redemption of the securities. The securities are guaranteed by Citigroup Inc. and are not bank deposits, nor are they insured or guaranteed by any governmental agency. The issue date for the securities is set for July 1, 2024, with a pricing date of June 24, 2024, and a strike date of June 21, 2024. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The initial underlying values, coupon barrier values, final barrier values, and equity ratios for each underlying ETF have been specified in the announcement. The securities may be automatically called for redemption prior to maturity, with the first potential autocall date being December 24, 2024. The estimated value of the securities on the pricing date is $979.90 per security, which is less than the issue price of $1,000.00 per security. The underwriting fee is $15.00 per security, with total proceeds to the issuer being $1,753,300.00 after the underwriting fee.