Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Contingent Barrier Digital Notes, which are linked to the performance of CrowdStrike Holdings, Inc.'s Class A common stock. These unsecured senior debt securities, with an aggregate stated principal amount of $5,481,000, do not pay interest and offer a payment at maturity that depends on the performance of CrowdStrike's stock. If the stock does not depreciate more than 30% from the initial share price, investors receive a fixed return at maturity. However, if the stock depreciates more than 30%, investors will lose a corresponding percentage of their principal. The notes were priced on July 24, 2024, and are due on August 8, 2025. The securities are not protected by...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Contingent Barrier Digital Notes, which are linked to the performance of CrowdStrike Holdings, Inc.'s Class A common stock. These unsecured senior debt securities, with an aggregate stated principal amount of $5,481,000, do not pay interest and offer a payment at maturity that depends on the performance of CrowdStrike's stock. If the stock does not depreciate more than 30% from the initial share price, investors receive a fixed return at maturity. However, if the stock depreciates more than 30%, investors will lose a corresponding percentage of their principal. The notes were priced on July 24, 2024, and are due on August 8, 2025. The securities are not protected by the Federal Deposit Insurance Corporation or any other governmental agency and are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The notes are not listed on any securities exchange, indicating limited liquidity and marketability. The initial share price was set at $268.88, with a barrier price of $188.216, which is 70% of the initial share price. The fixed return amount is $230.00 per security, provided the final share price is at or above the barrier price. The notes were issued with an estimated value of $988.30 per security, which is less than the issue price of $1,000.00 per security. Citigroup Global Markets Inc., an affiliate of the issuer, acted as the underwriter and may profit from hedging activities related to the offering.