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 guaranteed by Citigroup Inc. The securities are linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of November 20, 2029. 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 that investors may receive lower yields or lose a significant portion of their investment based on the performance of the worst performing index. The securities are callable, meaning Citigroup may redeem them before the maturity date. The initial offering is priced at $1,000 per...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 guaranteed by Citigroup Inc. The securities are linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of November 20, 2029. 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 that investors may receive lower yields or lose a significant portion of their investment based on the performance of the worst performing index. The securities are callable, meaning Citigroup may redeem them before the maturity date. The initial offering is priced at $1,000 per security, with an underwriting fee of $36.00 per security. The pricing date is set for November 15, 2024, with an issue date of November 20, 2024. The securities will not be listed on any securities exchange, indicating limited liquidity and marketability. Investors are warned of the risks involved, including credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the potential for loss of principal investment.