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 linked to the S&P 500 Index and due on September 24, 2025. These securities, known as Bearish Upturn Securities, do not pay interest and offer a payment at maturity that varies based on the inverse performance of the S&P 500 from the initial to the final underlying value. The securities are designed to provide a positive return only if the index depreciates, with investors potentially losing their entire investment if the index appreciates. The offering is subject to a pricing date of September 18, 2024, and an issue date of September 23, 2024. The securities are guaranteed by Citigroup Inc...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 linked to the S&P 500 Index and due on September 24, 2025. These securities, known as Bearish Upturn Securities, do not pay interest and offer a payment at maturity that varies based on the inverse performance of the S&P 500 from the initial to the final underlying value. The securities are designed to provide a positive return only if the index depreciates, with investors potentially losing their entire investment if the index appreciates. The offering is subject to a pricing date of September 18, 2024, and an issue date of September 23, 2024. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange. The estimated value of the securities is based on proprietary pricing models and includes an underwriting fee of up to $20.00 per security. The offering, which is not yet finalized and is subject to completion, is detailed in a preliminary pricing supplement filed with the SEC and is not an offer to sell or a solicitation of an offer to buy in any state where such offer or sale is not permitted.