Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the stock of Amazon.com, Inc., with a maturity date of May 20, 2027. The notes offer potential for periodic contingent coupon payments, which are higher than conventional debt securities of the same maturity, but come with significant risks including the possibility of receiving no contingent coupon payments and losing the entire principal amount. The notes are unsecured debt securities, not bank deposits, and are not insured or guaranteed by any governmental agency. The pricing date is set for May 16, 2024, with an issue date of May 21, 2024. The notes are subject to the credit risk of both Citigroup...Show More

Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the stock of Amazon.com, Inc., with a maturity date of May 20, 2027. The notes offer potential for periodic contingent coupon payments, which are higher than conventional debt securities of the same maturity, but come with significant risks including the possibility of receiving no contingent coupon payments and losing the entire principal amount. The notes are unsecured debt securities, not bank deposits, and are not insured or guaranteed by any governmental agency. The pricing date is set for May 16, 2024, with an issue date of May 21, 2024. The notes are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. and will not be listed on any securities exchange. The underwriter for the offering is Citigroup Global Markets Inc., which will also engage in hedging activities related to the offering. Investors are warned that the securities involve risks not associated with conventional debt securities and are suitable only for investors who understand the complexities and risks involved.