Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Buffered S&P 500 Index-Linked Notes, which are due for maturity on a date expected to be the second business day after the scheduled determination date, between 28 and 31 months after the trade date. These notes are unconventional debt securities that do not pay interest and do not guarantee a fixed principal repayment at maturity. Instead, the payout is contingent on the performance of the S&P 500 Index from the trade date to the determination date. If the Index's final level is greater than its initial level, investors will receive a positive return up to a maximum settlement amount. However, if the Index declines by...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Buffered S&P 500 Index-Linked Notes, which are due for maturity on a date expected to be the second business day after the scheduled determination date, between 28 and 31 months after the trade date. These notes are unconventional debt securities that do not pay interest and do not guarantee a fixed principal repayment at maturity. Instead, the payout is contingent on the performance of the S&P 500 Index from the trade date to the determination date. If the Index's final level is greater than its initial level, investors will receive a positive return up to a maximum settlement amount. However, if the Index declines by more than 12.50%, investors will lose a proportionate amount of their principal. The notes are unsecured senior debt securities, fully and unconditionally guaranteed by Citigroup Inc., and will not be listed on any securities exchange, indicating potential limited liquidity. The offering includes a buffer feature that protects against Index declines up to 12.50%, but total investment loss is possible. The notes are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., and their value may fluctuate based on various market factors. The issue price per note is $1,000, with Citigroup estimating the value on the trade date to be between $979.00 and $999.00 per note, which is less than the issue price. The notes are part of Citigroup's Medium-Term Senior Notes, Series N, and the detailed terms are provided in the accompanying product supplement, underlying supplement, prospectus supplement, and prospectus.