Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities due November 2025, linked to the performance of Tesla, Inc.'s common stock. These unsecured debt securities offer potential for monthly contingent coupon payments at an annualized rate of approximately 16.10%, which is higher than the yield on Citigroup's conventional debt securities of the same maturity. However, the actual yield may be lower or even negative, depending on Tesla's stock performance. The securities are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any federal agency. The securities, which are principal at risk, will not be listed on any securities exchange. The offering...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities due November 2025, linked to the performance of Tesla, Inc.'s common stock. These unsecured debt securities offer potential for monthly contingent coupon payments at an annualized rate of approximately 16.10%, which is higher than the yield on Citigroup's conventional debt securities of the same maturity. However, the actual yield may be lower or even negative, depending on Tesla's stock performance. The securities are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any federal agency. The securities, which are principal at risk, will not be listed on any securities exchange. The offering is based on a pricing supplement filed pursuant to Rule 424(b)(2) with registration statement numbers 333-270327 and 333-270327-01. The strike date is set for November 8, 2024, with an expected pricing date of November 11, 2024, and an issue date of November 14, 2024. The maturity date is expected to be November 14, 2025, unless earlier redeemed. The securities are guaranteed by Citigroup Inc. and may be automatically redeemed prior to maturity, with payments depending on the closing price of Tesla's stock. The securities are being offered by Citigroup Global Markets Inc., an affiliate acting as principal, with an underwriting fee included in the issue price.