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 Russell 2000 Index and the S&P 500 Index. The securities, due on July 22, 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 and may result in a yield lower than conventional securities, or even a significant loss of principal. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The offering is scheduled with a pricing date of July 19, 2024, and an issue...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 Russell 2000 Index and the S&P 500 Index. The securities, due on July 22, 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 and may result in a yield lower than conventional securities, or even a significant loss of principal. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The offering is scheduled with a pricing date of July 19, 2024, and an issue date of July 24, 2024. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange, indicating limited liquidity and marketability. The announcement also notes that the securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The preliminary pricing supplement, along with the accompanying product supplement, underlying supplement, prospectus supplement, and prospectus, are not an offer to sell these securities in any jurisdiction where the offer or sale is not permitted.