Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the preliminary pricing supplement for its Equity Index Basket-Linked Notes due, which are linked to a basket of indices including the EURO STOXX 50, TOPIX, FTSE 100, Swiss Market Index, and S&P/ASX 200. The notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity, offer returns based on the performance of the weighted basket from the trade date to the determination date, expected to be between 17 and 20 months after the trade date. The initial basket level is set at 100.00, and the final basket level will be determined by the performance of the indices. If the final basket level is greater than the...Show More

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the preliminary pricing supplement for its Equity Index Basket-Linked Notes due, which are linked to a basket of indices including the EURO STOXX 50, TOPIX, FTSE 100, Swiss Market Index, and S&P/ASX 200. The notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity, offer returns based on the performance of the weighted basket from the trade date to the determination date, expected to be between 17 and 20 months after the trade date. The initial basket level is set at 100.00, and the final basket level will be determined by the performance of the indices. If the final basket level is greater than the initial level, investors will receive a positive return, capped at a maximum settlement amount. However, if the final basket level is lower, investors will incur a loss of 1% for every 1% decline. The notes are unsecured senior debt securities issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc., subject to their credit risk. The notes will not be listed on any securities exchange and may have limited liquidity. The offering involves risks not associated with conventional debt securities. The issue price per note is $1,000, with an underwriting discount of $15.10 and net proceeds to the issuer of $984.90. The estimated value of the notes is based on proprietary pricing models of Citigroup Global Markets Inc. and is not an indication of actual profit or the price at which the notes may be bought back. The offering is subject to completion, with a dated May 10, 2024.