Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are market-linked securities tied to the performance of the Russell 2000 Index and the S&P 500 Index. These unsecured debt securities, which do not pay interest, offer potential returns based on the worst performing index from its initial to final value, with maturity due on December 9, 2025. The securities are guaranteed by Citigroup Inc. and have a stated principal amount of $1,000 per security, with an upside participation rate of 100% and a maximum return at maturity of 7.25% per security. The pricing date is set for November 27, 2024, with an issue date of December 3, 2024. The valuation date is December 4, 2025, subject to postponement...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 market-linked securities tied to the performance of the Russell 2000 Index and the S&P 500 Index. These unsecured debt securities, which do not pay interest, offer potential returns based on the worst performing index from its initial to final value, with maturity due on December 9, 2025. The securities are guaranteed by Citigroup Inc. and have a stated principal amount of $1,000 per security, with an upside participation rate of 100% and a maximum return at maturity of 7.25% per security. The pricing date is set for November 27, 2024, with an issue date of December 3, 2024. The valuation date is December 4, 2025, subject to postponement under certain conditions. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of the issuer and guarantor. The underwriting fee is $10.00 per security, with proceeds to the issuer of $990.00 per security. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The offering is subject to a registration statement filed with the SEC and is not yet effective, as indicated by the 'subject to completion' status dated November 7, 2024.