Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities due November 2027, linked to the performance of QUALCOMM Incorporated's common stock. The securities are unsecured debt obligations offering potential for quarterly contingent coupon payments at an annualized rate of 12.25%, higher than conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on the performance of QUALCOMM's stock. The securities, which are principal at risk, may be automatically redeemed three months after the issue date, with payments dependent on QUALCOMM's stock price. The offering, expected to be priced on November 15, 2024, and issued on November 20, 2024, is not guaranteed to provide liquidity...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities due November 2027, linked to the performance of QUALCOMM Incorporated's common stock. The securities are unsecured debt obligations offering potential for quarterly contingent coupon payments at an annualized rate of 12.25%, higher than conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on the performance of QUALCOMM's stock. The securities, which are principal at risk, may be automatically redeemed three months after the issue date, with payments dependent on QUALCOMM's stock price. The offering, expected to be priced on November 15, 2024, and issued on November 20, 2024, is not guaranteed to provide liquidity or payments if Citigroup and its subsidiary default. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The announcement also includes detailed risk factors, tax considerations, and information on the underlying stock of QUALCOMM Incorporated.