Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to NVIDIA Corporation, with a maturity date of January 14, 2026. These unsecured debt securities are designed to offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, the actual yield could be lower, and the value at maturity may be significantly less than the principal amount, potentially zero, depending on NVIDIA's performance. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The offering, which is not yet finalized and is subject to completion, is scheduled with a pricing date of July 9, 2024, and an...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to NVIDIA Corporation, with a maturity date of January 14, 2026. These unsecured debt securities are designed to offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, the actual yield could be lower, and the value at maturity may be significantly less than the principal amount, potentially zero, depending on NVIDIA's performance. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The offering, which is not yet finalized and is subject to completion, is scheduled with a pricing date of July 9, 2024, and an issue date of July 12, 2024. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange, indicating limited liquidity and marketability. Investors are warned of the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the risk of not receiving payments if either defaults. The securities are not FDIC insured. The preliminary pricing supplement, along with the accompanying product supplement, prospectus supplement, and prospectus, details the terms, risks, and conditions of the securities offering.