Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Callable Securities due October 2026, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. These unsecured debt securities offer potential for quarterly contingent coupon payments at an annualized rate higher than Citigroup's conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on the performance of the worst performing index among the three. The securities are subject to market risks and credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering, expected to be priced on September 27, 2024, and issued on October 2, 2024, is not guaranteed...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Callable Securities due October 2026, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. These unsecured debt securities offer potential for quarterly contingent coupon payments at an annualized rate higher than Citigroup's conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on the performance of the worst performing index among the three. The securities are subject to market risks and credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering, expected to be priced on September 27, 2024, and issued on October 2, 2024, is not guaranteed by the FDIC or any other governmental agency. Citigroup has the right to call the securities for mandatory redemption prior to the maturity date, and investors must be willing to accept the risk of limited liquidity and potential loss of principal. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of the issuers. The underwriter for the offering is Citigroup Global Markets Inc., which will receive an underwriting fee and may profit from expected hedging activities related to the offering.