Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Dual Directional Barrier Securities, which are linked to the performance of the S&P 500 Index and are due on July 23, 2025. These securities, which do not pay interest and offer variable repayment at maturity based on the index's performance, were priced on July 5, 2024, with an issue date of July 10, 2024. The securities provide the potential for a positive return at maturity if the S&P 500 Index appreciates or depreciates within a certain range, with a maximum upside return of 10% of the principal amount. However, if the index depreciates beyond a specified barrier level, investors will experience a loss proportional to the decline. The securities...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Dual Directional Barrier Securities, which are linked to the performance of the S&P 500 Index and are due on July 23, 2025. These securities, which do not pay interest and offer variable repayment at maturity based on the index's performance, were priced on July 5, 2024, with an issue date of July 10, 2024. The securities provide the potential for a positive return at maturity if the S&P 500 Index appreciates or depreciates within a certain range, with a maximum upside return of 10% of the principal amount. However, if the index depreciates beyond a specified barrier level, investors will experience a loss proportional to the decline. The securities are unsecured and subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The total aggregate principal amount of the securities is $2,941,000, with a stated principal amount of $1,000 per security. The securities will not be listed on any securities exchange, indicating potential limited liquidity for investors. Citigroup Global Markets Inc., an affiliate of the issuer, is the underwriter and will receive an underwriting fee for each security sold.