Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, under the designation Callable Dual Directional Barrier Securities Linked to the S&P 500 Futures Excess Return Index, with a maturity date of August 3, 2029. These unsecured debt securities, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are designed to track futures contracts on the S&P 500 Index and are expected to underperform the total return performance of the S&P 500 Index due to an implicit financing cost. The securities offer potential for investors to participate in the appreciation or depreciation of the underlying index, but also carry the risk of losing a significant...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, under the designation Callable Dual Directional Barrier Securities Linked to the S&P 500 Futures Excess Return Index, with a maturity date of August 3, 2029. These unsecured debt securities, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are designed to track futures contracts on the S&P 500 Index and are expected to underperform the total return performance of the S&P 500 Index due to an implicit financing cost. The securities offer potential for investors to participate in the appreciation or depreciation of the underlying index, but also carry the risk of losing a significant portion, or all, of the investment if the underlying index falls below a certain barrier value. The securities are callable by Citigroup, allowing for mandatory redemption at a premium on specified dates. The offering, which is subject to completion and dated July 5, 2024, includes a registration statement filed with the SEC. The securities, with a stated principal amount of $1,000 each, have a pricing date of July 31, 2024, and an issue date of August 5, 2024. They are guaranteed by Citigroup Inc. and will not be listed on any securities exchange.