Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the S&P 500 Index and due on November 19, 2026. These securities, which do not pay interest and offer a variable payment at maturity based on the performance of the S&P 500 Index, are designed to provide modified exposure to the index's performance with certain buffers and caps in place. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange, indicating that they may have limited liquidity. The pricing date is set for November 15, 2024, with an issue date of November 20, 2024. The valuation date is November 16, 2026, with the...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the S&P 500 Index and due on November 19, 2026. These securities, which do not pay interest and offer a variable payment at maturity based on the performance of the S&P 500 Index, are designed to provide modified exposure to the index's performance with certain buffers and caps in place. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange, indicating that they may have limited liquidity. The pricing date is set for November 15, 2024, with an issue date of November 20, 2024. The valuation date is November 16, 2026, with the maturity date three days later. The securities offer a digital return amount of $115.00 per security if the final underlying value is greater than or equal to the digital barrier value, and a buffer against depreciation beyond a specified percentage. The estimated value of the securities is based on Citigroup's proprietary pricing models and internal funding rate. The offering includes an underwriting fee of up to $8.00 per security, with the proceeds to the issuer listed at $992.00 per security. The securities involve risks not associated with conventional debt securities, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Investors are advised to read the accompanying product supplement, underlying supplement, prospectus supplement, and prospectus in deciding whether to invest in the securities.