Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 3 Year Callable Contingent Coupon Securities, which are linked to the performance of the Russell 2000 Index (RTY), the SPDR S&P Biotech ETF (XBI), and the SPDR S&P Regional Banking ETF (KRE). The securities have a pricing date set for May 10, 2024, with quarterly valuation dates leading up to a maturity date of May 13, 2027. Investors are offered a potential annual contingent coupon of at least 13.10%, paid quarterly, but only if the worst-performing underlying asset is above its coupon barrier value on the valuation date. The coupon barrier and final barrier values are set at 65.00% and 60.00% of each underlying's initial value, respectively. Citigroup may redeem the...Show More

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 3 Year Callable Contingent Coupon Securities, which are linked to the performance of the Russell 2000 Index (RTY), the SPDR S&P Biotech ETF (XBI), and the SPDR S&P Regional Banking ETF (KRE). The securities have a pricing date set for May 10, 2024, with quarterly valuation dates leading up to a maturity date of May 13, 2027. Investors are offered a potential annual contingent coupon of at least 13.10%, paid quarterly, but only if the worst-performing underlying asset is above its coupon barrier value on the valuation date. The coupon barrier and final barrier values are set at 65.00% and 60.00% of each underlying's initial value, respectively. Citigroup may redeem the securities at any time for mandatory redemption with a minimum of three business days' notice. The securities are subject to significant risks, including the potential loss of principal if the worst-performing underlying falls below its final barrier value at maturity. Payments are also contingent on the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a preliminary pricing supplement dated May 8, 2024, and the securities will not be listed on any securities exchange.