Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. The securities, due on July 9, 2027, offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, these payments are contingent on the performance of the worst performing index among the three and may result in a yield lower than conventional securities if certain conditions are not met. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The initial offering is priced at $1,000 per security...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. The securities, due on July 9, 2027, offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, these payments are contingent on the performance of the worst performing index among the three and may result in a yield lower than conventional securities if certain conditions are not met. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The initial offering is priced at $1,000 per security with the pricing date set for July 3, 2024, and the issue date on July 9, 2024. The securities are not FDIC insured, are not bank deposits, and are not guaranteed by any governmental agency. They will not be listed on any securities exchange, and their value at maturity will depend on the performance of the worst performing underlying index. Citigroup Global Markets Inc., an affiliate of the issuer, is acting as the underwriter and may pay selected dealers a structuring fee for each security sold.