Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Callable Contingent Coupon Equity Linked Securities linked to Tesla, Inc., with a maturity date of November 18, 2026. The securities, which are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc., 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 Tesla, Inc.'s stock, and there is a risk that investors may receive no returns if the stock underperforms. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The pricing date is set for November 13, 2024, with an issue...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Callable Contingent Coupon Equity Linked Securities linked to Tesla, Inc., with a maturity date of November 18, 2026. The securities, which are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc., 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 Tesla, Inc.'s stock, and there is a risk that investors may receive no returns if the stock underperforms. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The pricing date is set for November 13, 2024, with an issue date of November 18, 2024. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a full and unconditional guarantee by Citigroup Inc. and is linked to the performance of Tesla, Inc. The securities are aimed at investors willing to accept the risk of limited liquidity and the possibility of receiving no payments if Citigroup and Citigroup Inc. default on their obligations.