Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial instrument called Contingent Barrier Digital Notes, which are unsecured senior debt securities guaranteed by Citigroup Inc. The notes are based on the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 29, 2025. The securities do not pay interest and offer a payment at maturity that varies with the performance of the worst-performing index. If the worst-performing index does not depreciate by more than 30% from its initial value, investors receive a fixed return at maturity. However, if the index falls more than 30%, investors lose a corresponding percentage of their principal. The securities were priced on June 24, 2024, with an...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial instrument called Contingent Barrier Digital Notes, which are unsecured senior debt securities guaranteed by Citigroup Inc. The notes are based on the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 29, 2025. The securities do not pay interest and offer a payment at maturity that varies with the performance of the worst-performing index. If the worst-performing index does not depreciate by more than 30% from its initial value, investors receive a fixed return at maturity. However, if the index falls more than 30%, investors lose a corresponding percentage of their principal. The securities were priced on June 24, 2024, with an issue date of June 27, 2024. The total principal amount of the securities is $25 million, with a fixed return amount of 8.94% if conditions are met. The securities are not listed on any exchange, and their liquidity may be limited. The offering includes a risk of loss up to the entire investment and is suitable only for investors who can bear this risk.