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 guaranteed by Citigroup Inc. These securities are linked to the performance of the SPDR S&P Biotech ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, and are due on November 25, 2026. The securities offer potential for periodic contingent coupon payments, which are higher than conventional debt securities of the same maturity, in exchange for accepting certain risks. These risks include the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or early redemption of the securities. The securities are subject to credit risk and are not...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 guaranteed by Citigroup Inc. These securities are linked to the performance of the SPDR S&P Biotech ETF and the SPDR S&P Oil & Gas Exploration & Production ETF, and are due on November 25, 2026. The securities offer potential for periodic contingent coupon payments, which are higher than conventional debt securities of the same maturity, in exchange for accepting certain risks. These risks include the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or early redemption of the securities. The securities are subject to credit risk and are not insured or guaranteed by any governmental agency. The issue and pricing date are set for November 20 and 25, 2024, respectively, with a stated principal amount of $1,000 per security. The securities will not be listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The estimated value of the securities is based on proprietary pricing models and internal funding rates, and the securities are not bank deposits. The offering is subject to completion, with a preliminary pricing supplement dated November 12, 2024.