Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities known as Medium-Term Senior Notes, Series N, which are expected to be priced on July 31, 2024, and issued on August 5, 2024. These securities, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are linked to the performance of the Invesco S&P 500 Equal Weight ETF (RSP). The securities offer potential returns based on the ETF's performance, with a maximum return at maturity capped at 14.60% of the principal amount. However, if the ETF's value falls below 80% of its initial price, investors will lose 1% of their principal for every 1% decline in the ETF's price, with the...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities known as Medium-Term Senior Notes, Series N, which are expected to be priced on July 31, 2024, and issued on August 5, 2024. These securities, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are linked to the performance of the Invesco S&P 500 Equal Weight ETF (RSP). The securities offer potential returns based on the ETF's performance, with a maximum return at maturity capped at 14.60% of the principal amount. However, if the ETF's value falls below 80% of its initial price, investors will lose 1% of their principal for every 1% decline in the ETF's price, with the possibility of losing the entire investment. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., and are not FDIC insured. The offering is contingent upon completion and is not yet an offer to sell nor a solicitation to buy. The securities will not be listed on any securities exchange, and their estimated value will be determined by Citigroup's proprietary pricing models.