Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are autocallable securities linked to the S&P 500 Index and the SPDR S&P Homebuilders ETF. These unsecured debt securities, due on May 22, 2028, do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer potential automatic early redemption at a premium if the worst performing underlying exceeds its initial value on any valuation date, except the final one. If not redeemed early, the securities will either repay the principal amount plus a premium at maturity or repay the principal amount only, depending on the final underlying value of the worst performing underlying. The securities...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 autocallable securities linked to the S&P 500 Index and the SPDR S&P Homebuilders ETF. These unsecured debt securities, due on May 22, 2028, do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer potential automatic early redemption at a premium if the worst performing underlying exceeds its initial value on any valuation date, except the final one. If not redeemed early, the securities will either repay the principal amount plus a premium at maturity or repay the principal amount only, depending on the final underlying value of the worst performing underlying. The securities are subject to credit risk and investors must be willing to accept the risk of not receiving any payments if Citigroup Global Markets Holdings Inc. and Citigroup Inc. default on their obligations. The securities, which are not listed on any securities exchange, have a stated principal amount of $1,000 per security, with the pricing date set for May 17, 2024, and the issue date on May 22, 2024. The valuation dates range from May 20, 2025, to May 17, 2028, with the final valuation date determining the payment at maturity. The securities are guaranteed by Citigroup Inc. and the underwriter is Citigroup Global Markets Inc., which will not receive an underwriting fee but may profit from expected hedging activities related to the offering.