Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which will be available from November 4, 2024, with a maturity date of December 4, 2025. These notes will initially bear a fixed interest rate of at least 5.35% per annum for the first three months, transitioning to a floating rate linked to SOFR (Secured Overnight Financing Rate) thereafter, subject to a minimum interest rate of 0.00%. The notes are unsecured and guaranteed by Citigroup Inc., with all payments subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The notes will not be listed on any securities exchange, suggesting limited liquidity and are designed for investors willing to hold...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which will be available from November 4, 2024, with a maturity date of December 4, 2025. These notes will initially bear a fixed interest rate of at least 5.35% per annum for the first three months, transitioning to a floating rate linked to SOFR (Secured Overnight Financing Rate) thereafter, subject to a minimum interest rate of 0.00%. The notes are unsecured and guaranteed by Citigroup Inc., with all payments subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The notes will not be listed on any securities exchange, suggesting limited liquidity and are designed for investors willing to hold them to maturity. The pricing date for the notes is set for October 31, 2024. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter and may receive an underwriting fee of up to $0.60 per note. The offering is part of a broader strategy to raise capital for general corporate purposes and to manage obligations through hedging activities. Investors are advised to consider the associated risks, including interest rate variability, credit risk, market liquidity, and potential conflicts of interest in hedging activities.