Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, with a pricing date set for November 14, 2024, and an issue date of November 18, 2024. The notes, which are unsecured debt securities guaranteed by Citigroup Inc., will mature on December 18, 2025. Initially, the notes will bear a fixed interest rate of at least 5.30% per annum, to be determined on the pricing date, for the first three months. Following this period, the notes will transition to a floating interest rate based on the Secured Overnight Financing Rate (SOFR) plus a spread, subject to a minimum interest rate of 0.00%. The notes are designed for investors seeking fixed interest payments initially, followed by floating interest...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, with a pricing date set for November 14, 2024, and an issue date of November 18, 2024. The notes, which are unsecured debt securities guaranteed by Citigroup Inc., will mature on December 18, 2025. Initially, the notes will bear a fixed interest rate of at least 5.30% per annum, to be determined on the pricing date, for the first three months. Following this period, the notes will transition to a floating interest rate based on the Secured Overnight Financing Rate (SOFR) plus a spread, subject to a minimum interest rate of 0.00%. The notes are designed for investors seeking fixed interest payments initially, followed by floating interest payments linked to SOFR. The notes will not be listed on any securities exchange, suggesting limited liquidity and the recommendation that investors should be willing to hold them to maturity. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter and will receive an underwriting fee of up to $0.40 per note. The offering is subject to risks, including interest rate variability, credit risk of the issuer and guarantor, and potential lack of market liquidity for the notes.