Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the issuance of a new series of market-linked securities. These securities, due on July 12, 2029, are linked to the performance of the lowest performing index among the EURO STOXX 50, the Russell 2000, and the Nikkei 225. The securities offer a fixed coupon rate of at least 7.10% per annum, paid quarterly, but carry the risk of principal loss if the lowest performing index falls below a certain threshold. The securities are not conventional debt securities and will not repay a fixed amount of principal at maturity unless the lowest performing index's closing value is above the threshold. The securities are unsecured debt obligations and are not bank deposits, nor are they...Show More

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the issuance of a new series of market-linked securities. These securities, due on July 12, 2029, are linked to the performance of the lowest performing index among the EURO STOXX 50, the Russell 2000, and the Nikkei 225. The securities offer a fixed coupon rate of at least 7.10% per annum, paid quarterly, but carry the risk of principal loss if the lowest performing index falls below a certain threshold. The securities are not conventional debt securities and will not repay a fixed amount of principal at maturity unless the lowest performing index's closing value is above the threshold. The securities are unsecured debt obligations and are not bank deposits, nor are they insured by any governmental agency. The offering is subject to completion, with the pricing date set for July 8, 2024, and the issue date on July 11, 2024. Citigroup Global Markets Holdings Inc. expects the estimated value of the securities on the pricing date to be at least $900.00 per security, which is less than the public offering price. The securities will not be listed on any securities exchange, suggesting limited liquidity and the necessity for investors to be prepared to hold them until maturity.