Citigroup Global Markets Holdings Inc. has announced the offering of Contingent Income Auto-Callable Securities, with Citigroup Inc. as the guarantor. These securities are due in September 2027 and are based on the performance of NVIDIA Corporation's common stock. The securities, with a principal amount of $1,000 each, may pay investors contingent coupon payments if the closing price of NVIDIA's shares is above a certain threshold on specified dates. However, if the final share price is below the downside threshold price, investors could receive significantly less than their principal amount at maturity. The offering includes potential automatic early redemption if NVIDIA's share price exceeds the initial share price on predetermined dates. The pricing date is set for September 27, 2024, with...Show More

Citigroup Global Markets Holdings Inc. has announced the offering of Contingent Income Auto-Callable Securities, with Citigroup Inc. as the guarantor. These securities are due in September 2027 and are based on the performance of NVIDIA Corporation's common stock. The securities, with a principal amount of $1,000 each, may pay investors contingent coupon payments if the closing price of NVIDIA's shares is above a certain threshold on specified dates. However, if the final share price is below the downside threshold price, investors could receive significantly less than their principal amount at maturity. The offering includes potential automatic early redemption if NVIDIA's share price exceeds the initial share price on predetermined dates. The pricing date is set for September 27, 2024, with an issue date of October 2, 2024. Citigroup estimates the value of the securities at $915.00 each, which is below the public offering price. The offering is subject to risks, including the possibility of losing a significant portion or all of the investment, and is not recommended for all investors. The securities will not be listed on any securities exchange, and their value will fluctuate based on many factors. Investors are advised to read the accompanying documents filed with the SEC and consult their tax adviser before investing.