Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the performance of the SPDR Gold Trust. These market-linked securities, which do not pay interest and do not guarantee full principal repayment at maturity, offer potential returns based on the specified underlying's performance from an initial value to a final value. The securities are unsecured and subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering, detailed in a preliminary pricing supplement dated September 6, 2024, is not yet finalized and is subject to completion. The notes have a strike date of September 5, 2024, an issue date of September 16, 2024, and a...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 the performance of the SPDR Gold Trust. These market-linked securities, which do not pay interest and do not guarantee full principal repayment at maturity, offer potential returns based on the specified underlying's performance from an initial value to a final value. The securities are unsecured and subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering, detailed in a preliminary pricing supplement dated September 6, 2024, is not yet finalized and is subject to completion. The notes have a strike date of September 5, 2024, an issue date of September 16, 2024, and a maturity date of September 14, 2027. The securities are designed for investors willing to forgo dividends and accept the capped potential for loss, with a maximum return at maturity of 42.00% and a maximum loss at maturity of 10.00% of the principal amount. 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 is not indicative of market prices post-issuance.