Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for its 1.25 Year Autocallable Contingent Coupon Securities, linked to the performance of the Energy Select Sector SPDR Fund (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The securities are set to price on April 30, 2024, with monthly valuation dates and a maturity date of August 4, 2025. Investors are offered a contingent coupon of at least 9.50% per annum, paid monthly, provided the worst-performing underlying's closing value is above its coupon barrier value on the valuation date. The coupon and final barrier values are set at 70% of each underlying's initial value. The securities may be automatically redeemed if the worst performer...Show More

Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for its 1.25 Year Autocallable Contingent Coupon Securities, linked to the performance of the Energy Select Sector SPDR Fund (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The securities are set to price on April 30, 2024, with monthly valuation dates and a maturity date of August 4, 2025. Investors are offered a contingent coupon of at least 9.50% per annum, paid monthly, provided the worst-performing underlying's closing value is above its coupon barrier value on the valuation date. The coupon and final barrier values are set at 70% of each underlying's initial value. The securities may be automatically redeemed if the worst performer's closing value meets or exceeds its initial value on any autocall date, starting six months after issuance. The securities are subject to the credit risk of both Citigroup entities, and the payment at maturity varies significantly based on the final underlying value of the worst performer. If not autocalled, and the final underlying value is below the final barrier value, investors could receive much less than the principal amount, or nothing, at maturity. The securities will not be listed on any securities exchange, and their estimated value on the pricing date will be less than the issue price.