Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the S&P 500 Futures Excess Return Index, with a maturity date of April 21, 2026. These unsecured debt securities do not pay interest and offer a payment at maturity that varies based on the performance of the underlying index from the initial value to the final value. The securities are designed to provide modified exposure to the underlying index, with potential for investors to participate in the appreciation of the underlying at a rate of at least 110%, determined on the pricing date. However, if the final underlying value is less than the final barrier value, investors could lose a...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the S&P 500 Futures Excess Return Index, with a maturity date of April 21, 2026. These unsecured debt securities do not pay interest and offer a payment at maturity that varies based on the performance of the underlying index from the initial value to the final value. The securities are designed to provide modified exposure to the underlying index, with potential for investors to participate in the appreciation of the underlying at a rate of at least 110%, determined on the pricing date. However, if the final underlying value is less than the final barrier value, investors could lose a significant portion or all of their investment. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a guarantee by Citigroup Inc. and has key terms such as a stated principal amount of $1,000 per security, a strike date of April 12, 2024, and a pricing date of April 16, 2024. The securities will not be listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The estimated value of the securities is based on proprietary pricing models and is not an indication of actual profit or the price at which the securities may be traded in the future. The offering is subject to completion, with a preliminary pricing supplement dated April 15, 2024, 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.