Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the performance of three specific exchange-traded funds (ETFs). These ETFs are the SPDR S&P Metals & Mining ETF, the SPDR S&P Oil & Gas Exploration & Production ETF, and the Technology Select Sector SPDR Fund. The securities offer potential for periodic contingent coupon payments, which are higher than conventional debt securities of the same maturity but come with the risk of receiving lower or no returns based on the performance of the worst-performing ETF. The securities are callable, meaning Citigroup may redeem them before the maturity date of September 16, 2027. The offer...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 unsecured debt securities linked to the performance of three specific exchange-traded funds (ETFs). These ETFs are the SPDR S&P Metals & Mining ETF, the SPDR S&P Oil & Gas Exploration & Production ETF, and the Technology Select Sector SPDR Fund. The securities offer potential for periodic contingent coupon payments, which are higher than conventional debt securities of the same maturity but come with the risk of receiving lower or no returns based on the performance of the worst-performing ETF. The securities are callable, meaning Citigroup may redeem them before the maturity date of September 16, 2027. The offer is subject to a registration statement filed with the SEC and is not yet permitted for sale in any state. The pricing date is set for September 13, 2024, with an issue date of September 18, 2024. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange, indicating that liquidity may be limited. The underwriting fee for the securities is $7.50 per security, with an issue price of $1,000.00 per security.