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, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, the yield may be lower if certain coupon payments are not made, and the value at maturity could be significantly less than the principal amount, potentially zero, depending on the performance of the worst-performing index. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The securities...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, linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, the yield may be lower if certain coupon payments are not made, and the value at maturity could be significantly less than the principal amount, potentially zero, depending on the performance of the worst-performing index. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The securities are not listed on any securities exchange, indicating limited liquidity, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a pricing date of November 20, 2024, an issue date of November 25, 2024, and a maturity date of November 25, 2026, unless redeemed earlier. The securities are priced at $1,000 each, with Citigroup Global Markets Inc. acting as the underwriter. The estimated value of the securities is based on proprietary pricing models and is not guaranteed. The offering is subject to completion and is dated November 12, 2024.