Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities, known as Medium-Term Senior Notes, Series N. These securities, linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, are set to mature on October 5, 2027. The securities do not pay interest and the repayment of the principal amount is contingent on the performance of the worst-performing index among the three. The securities offer a buffer against depreciation but expose investors to the risk of losing a portion of their investment if the worst-performing index falls beyond a certain threshold. The offering is subject to a pricing supplement, product supplement, underlying supplement...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities, known as Medium-Term Senior Notes, Series N. These securities, linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index, are set to mature on October 5, 2027. The securities do not pay interest and the repayment of the principal amount is contingent on the performance of the worst-performing index among the three. The securities offer a buffer against depreciation but expose investors to the risk of losing a portion of their investment if the worst-performing index falls beyond a certain threshold. The offering is subject to a pricing supplement, product supplement, underlying supplement, prospectus supplement, and prospectus, and is not yet finalized, with a completion date set for August 30, 2024. The pricing date is scheduled for September 30, 2024, with an issue date of October 3, 2024. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities. 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 offering highlights the risks associated with such securities, including credit risk, market volatility, and the lack of liquidity and dividends.