Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are market-linked securities tied to the Dow Jones Industrial Average and due on June 30, 2027. These unsecured debt securities do not pay interest but offer potential returns based on the performance of the Dow Jones from the initial to the final underlying value, with a maximum return at maturity of 15.50% per security. The securities are priced at $1,000 each, with an underwriting fee of $22.50 per security, leading to proceeds of $977.50 per security for the issuer. The pricing date is set for September 25, 2024, with an issue date of September 30, 2024. The valuation date is June 25, 2027, subject to postponement under certain conditions...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are market-linked securities tied to the Dow Jones Industrial Average and due on June 30, 2027. These unsecured debt securities do not pay interest but offer potential returns based on the performance of the Dow Jones from the initial to the final underlying value, with a maximum return at maturity of 15.50% per security. The securities are priced at $1,000 each, with an underwriting fee of $22.50 per security, leading to proceeds of $977.50 per security for the issuer. The pricing date is set for September 25, 2024, with an issue date of September 30, 2024. The valuation date is June 25, 2027, subject to postponement under certain conditions. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange, indicating potential limited liquidity for investors. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The offering involves risks, including the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the potential for investors to receive no return on investment if the underlying does not appreciate from its initial value.