Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued Medium-Term Senior Notes, Series N, which are unsecured debt securities guaranteed by Citigroup Inc. These Callable Contingent Coupon Equity Linked Securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with maturity due on November 12, 2027. The securities offer potential for periodic contingent coupon payments, which if paid, provide a yield higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no contingent coupon payments and receiving less than the principal amount at maturity, depending on the performance of the worst-performing index among the three. The securities were priced on November...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued Medium-Term Senior Notes, Series N, which are unsecured debt securities guaranteed by Citigroup Inc. These Callable Contingent Coupon Equity Linked Securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with maturity due on November 12, 2027. The securities offer potential for periodic contingent coupon payments, which if paid, provide a yield higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no contingent coupon payments and receiving less than the principal amount at maturity, depending on the performance of the worst-performing index among the three. The securities were priced on November 6, 2024, and issued on November 12, 2024. Citigroup has the right to call the securities for mandatory redemption on specified dates. The securities are not listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The initial underlying values, coupon barrier values, and final barrier values for each index were specified, with the securities priced at $1,000 each. The estimated value of the securities at the time of pricing was $987.70 per security, which is less than the issue price, reflecting costs such as underwriting fees, hedging, and expected profit.