Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the issuance of 2.5 Year Market-Linked Securities tied to the Nasdaq-100 Index (NDX), with a pricing date set for September 25, 2024. The securities have a valuation date of March 25, 2027, and will mature on March 31, 2027. These securities offer a 100% upside participation rate and a maximum return at maturity of 13.50%. The initial value of the underlying will be based on the NDX's closing value on the pricing date, and the final value will be determined by the closing value on the valuation date. The return amount will be calculated based on the difference between the final and initial underlying values, multiplied by the upside participation rate, capped at the...Show More

Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the issuance of 2.5 Year Market-Linked Securities tied to the Nasdaq-100 Index (NDX), with a pricing date set for September 25, 2024. The securities have a valuation date of March 25, 2027, and will mature on March 31, 2027. These securities offer a 100% upside participation rate and a maximum return at maturity of 13.50%. The initial value of the underlying will be based on the NDX's closing value on the pricing date, and the final value will be determined by the closing value on the valuation date. The return amount will be calculated based on the difference between the final and initial underlying values, multiplied by the upside participation rate, capped at the maximum return. Investors will receive the stated principal amount of $1,000 per security at maturity, plus any positive return amount, but will receive no payment if the final underlying value is less than or equal to the initial value. The securities do not pay interest and do not confer dividend rights or other rights related to the underlying index. The offering is subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the securities will not be listed on any exchange, potentially affecting their liquidity. The estimated value of the securities on the pricing date is expected to be lower than the issue price. The preliminary pricing supplement, along with other relevant documents, has been filed with the SEC and is available for review.