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 guaranteed by Citigroup Inc. These securities, linked to the S&P 500 Index, do not pay interest and offer variable returns based on the index's performance, with a maturity date of November 24, 2026. The securities provide modified exposure to the index's performance, offering potential appreciation within a limited range, a buffer against depreciation beyond a specified percentage, and no dividends. The securities are priced at $1,000 each, with an underwriting fee of $6.50 per security, leading to proceeds of $993.50 per security for the issuer. The pricing date is set for November 19, 2024, with an issue date of...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 guaranteed by Citigroup Inc. These securities, linked to the S&P 500 Index, do not pay interest and offer variable returns based on the index's performance, with a maturity date of November 24, 2026. The securities provide modified exposure to the index's performance, offering potential appreciation within a limited range, a buffer against depreciation beyond a specified percentage, and no dividends. The securities are priced at $1,000 each, with an underwriting fee of $6.50 per security, leading to proceeds of $993.50 per security for the issuer. The pricing date is set for November 19, 2024, with an issue date of November 22, 2024. The valuation date is November 19, 2026, with postponement provisions for certain conditions. The securities are not listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The offering involves risks not associated with conventional debt securities, and the estimated value of the securities is based on proprietary pricing models and internal funding rates. The securities are not bank deposits, are not FDIC insured, and involve investment risks including the potential loss of the principal amount invested.