Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Dual Directional Market-Linked Notes, which are linked to the S&P 500 Index and due on October 29, 2025. These notes, part of the Medium-Term Senior Notes, Series N, do not pay interest like conventional debt securities but offer potential returns based on the performance of the S&P 500 Index. The notes are unsecured and guaranteed by Citigroup Inc. The potential return is contingent on a knock-out event not occurring; if such an event does happen, investors will receive the principal amount plus a knock-out return of 2%. The notes were priced on April 24, 2024, and issued on April 29, 2024, with a valuation date set...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Dual Directional Market-Linked Notes, which are linked to the S&P 500 Index and due on October 29, 2025. These notes, part of the Medium-Term Senior Notes, Series N, do not pay interest like conventional debt securities but offer potential returns based on the performance of the S&P 500 Index. The notes are unsecured and guaranteed by Citigroup Inc. The potential return is contingent on a knock-out event not occurring; if such an event does happen, investors will receive the principal amount plus a knock-out return of 2%. The notes were priced on April 24, 2024, and issued on April 29, 2024, with a valuation date set for October 24, 2025. The notes are not listed on any securities exchange, and their liquidity may be limited. Citigroup Global Markets Inc., an affiliate of the issuer, is the underwriter and may pay selected dealers a structuring fee for each note sold. The estimated value of the notes at the time of pricing was $982.90 per note, which is less than the issue price of $1,000.00 per note. The notes are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., and investing in them involves risks not associated with conventional debt securities.