Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for a new investment product: 3 Year Autocallable Contingent Coupon Securities. These securities are linked to the performance of the iShares MSCI EAFE ETF (EFA) and the Russell 2000 Index (RTY), with the worst performer determining the payout. The securities have a pricing date set for July 19, 2024, and will mature on July 22, 2027. Investors can earn a contingent coupon of at least 7.25% per annum, paid monthly, provided the worst-performing underlying's closing value is above its coupon barrier value on the valuation date. The coupon barrier and final barrier values are set at 80% of each underlying's initial value. The securities also feature an automatic early...Show More

Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for a new investment product: 3 Year Autocallable Contingent Coupon Securities. These securities are linked to the performance of the iShares MSCI EAFE ETF (EFA) and the Russell 2000 Index (RTY), with the worst performer determining the payout. The securities have a pricing date set for July 19, 2024, and will mature on July 22, 2027. Investors can earn a contingent coupon of at least 7.25% per annum, paid monthly, provided the worst-performing underlying's closing value is above its coupon barrier value on the valuation date. The coupon barrier and final barrier values are set at 80% of each underlying's initial value. The securities also feature an automatic early redemption clause, which triggers if the worst performer's closing value meets or exceeds its initial value on any autocall date after the first year. The securities, with a stated principal amount of $1,000 each, are subject to significant risks, including the potential loss of principal if the worst performer's final value falls below its final barrier value. Citigroup has highlighted the risks associated with the securities, including credit risk, market volatility, and the lack of a guaranteed repayment of principal at maturity. The offering is detailed in the Preliminary Pricing Supplement dated July 5, 2024, and the securities will not be listed on any securities exchange.