Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Autocallable Contingent Coupon Equity Linked Securities due July 24, 2031, linked to the worst performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. Each security has a $1,000 principal amount and pays a quarterly contingent coupon of 0.6667% (about 8.00% per annum) only if, on the relevant valuation date, the worst performing index is at or above 70.00% of its initial value.
The notes are autocallable from July 20, 2027 onward if the worst performer is at or above its initial value, in which case holders receive $1,000 plus the coupon and the investment ends early. If not called and, at final valuation, the worst performing index is below its 70.00% final barrier, repayment of principal is reduced one-for-one with the index loss, down to zero. Investors do not receive dividends or upside participation in any index and face credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited liquidity, complex U.S. tax treatment and an estimated value of $944.70 per $1,000 that is below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured barrier securities linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, maturing on July 24, 2031. Each security has a $1,000 stated principal amount and pays no interest or dividends. At maturity, if the index finishes above its initial value of 539.1483, investors receive $1,000 plus 260% of the index’s positive return. If the final index value is between the initial value and the barrier of 269.574 (50% of initial), investors receive only the $1,000 principal.
If the final index value is below the barrier, repayment is fully exposed to downside: investors receive $1,000 plus $1,000 times the index return and may lose their entire investment. The underlying index itself is complex and risky, using up to 500% leveraged exposure to S&P 500 futures, a volatility target of 35%, and a 6% per annum decrement, all of which can cause performance to significantly lag the S&P 500 Index. The notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., may have little or no secondary market, and their initial estimated value of $870.80 per security is below the $1,000 issue price due to selling, structuring, hedging costs and internal funding.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing Autocallable Contingent Coupon Equity Linked Securities due July 23, 2031, linked to the worst performing of the Nasdaq-100 Index, the Russell 2000 Index and the SPDR S&P Biotech ETF. Each security has a $1,000 stated principal amount and pays a contingent coupon of 0.7583% per period (about 9.10% per annum only if, on the preceding valuation date, the worst performer is at or above its coupon barrier of 70% of its initial value; missed coupons are "remembered" and can be paid later if the barrier is met.
The notes can be automatically called on scheduled autocall dates starting July 21, 2027 if the worst performer is at or above its initial level, returning $1,000 plus due coupons. If not called, and at maturity the worst performer is at or above its final barrier of 60% of its initial value, investors receive $1,000 (plus any final coupon if the coupon barrier is met. If it is below the final barrier, principal is reduced 1-for-1 with the index loss, down to zero, and no coupon is paid at maturity. Investors do not receive dividends on the underlyings and face full issuer and guarantor credit risk, limited liquidity, complex tax treatment and a pricing-date estimated value of $933.80 per $1,000 security, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable unsecured notes due July 28, 2036 linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER. Each security has a $1,000 stated principal amount and is issued at $1,000, with an underwriting fee of $50 and proceeds to the issuer of $950 per note; total issue size is $10,008,000. The initial index level is 526.6212 and the final barrier is 315.973, or 60% of the initial level.
The notes pay no interest and may be automatically redeemed on any of 40 valuation dates from January 2027 to April 2036 if the index closes at or above its initial level, returning $1,000 plus a fixed premium that steps up from 12.50% to 250.00% of principal. If not called, at maturity investors receive $1,000 plus the final premium if the index is at or above the initial level, $1,000 if it is between the barrier and the initial level, or $1,000 plus the full negative index return if below the barrier, exposing investors to up to a 100% loss of principal.
The underlying index is complex and highly risky: it targets 35% volatility with leverage up to 500%, includes an implicit financing cost and a 6% per annum decrement, and has limited live history. The estimated value on the pricing date is $916.90 per note, below the issue price, reflecting structuring and hedging costs. The notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., may have little or no secondary market, and involve uncertain U.S. tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing up to $12,000,000 of callable equity-linked securities due January 21, 2028, each with a $1,000 principal amount. The notes pay a fixed coupon of 1.1333% per month, equivalent to about 13.60% per annum, with monthly payments starting in August 2026.
Returns depend on the worst performing of the EURO STOXX 50® Index, Nasdaq-100 Index® and Russell 2000® Index. If not called and no knock-in event occurs, investors receive full principal at maturity; if a knock-in event occurs and the worst index finishes below its initial value, principal is reduced one-for-one with that decline, potentially to $0 (excluding the final coupon). A knock-in event occurs if any index ever closes below 70% of its initial level during the observation period.
The issuer may redeem the notes at par plus coupon on monthly dates from January through December 2027, limiting coupon duration if called. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have an estimated value of $991.60 per $1,000 at pricing, and may have limited or no secondary market liquidity.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering callable equity-linked securities due July 24, 2031, tied to the worst performer of the EURO STOXX 50® Index, Nasdaq-100 Index® and Russell 2000® Index. Each security has a $1,000 stated principal amount with total issuance of $2,000,000.
The notes pay a quarterly contingent coupon of 2.9375% of principal (11.75% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier, set at 65% of its initial level. Principal repayment at maturity also depends on this worst performer: if its final value is at or above the same 65% barrier, investors receive $1,000 plus the final coupon; if below, repayment is reduced one-for-one with the index decline, down to zero.
Citigroup may call the notes in whole on specified dates, paying $1,000 plus any due coupon, which can limit future income. The estimated value is $987.60 per $1,000 note, below the issue price, reflecting structuring, hedging costs and the issuer’s internal funding rate. Investors face full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., market risk in all three indices, potential illiquidity, complex U.S. tax treatment and the possibility of losing most or all principal and receiving no coupons.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $647,000 of Autocallable Contingent Coupon Equity Linked Securities linked to the worst of the Dow Jones Industrial, Nasdaq‑100 Index® and Russell 2000® Index, at $1,000 stated principal per security.
The notes pay a 0.675% contingent coupon per month (8.10% per annum) only if, on each valuation date, the worst performing index is at or above 70% of its initial value; otherwise, no coupon is paid for that period. Beginning July 20, 2027, the notes are automatically called if on a potential autocall date the worst index is at or above its initial value, returning $1,000 plus the coupon.
If not called, at maturity on July 24, 2031 investors receive $1,000 per note only if the worst index is at or above 70% of its initial value. If it is below that barrier, repayment is $1,000 plus $1,000 × the negative return of the worst index, which can reduce the payoff to zero. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., may have limited secondary liquidity, and have an estimated value of $946.40 per note, below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Russell 2000® Index and the S&P 500® Index, each with a 70% coupon and final barrier based on its initial value. The notes have a $1,000 stated principal per security, pricing on July 20, 2026 and maturing July 25, 2028, unless earlier redeemed. Investors may receive a contingent coupon of 0.8333% of principal per month (about 10.00% per annum) only if, on the relevant valuation date, the worst performing index is at or above its coupon barrier. At maturity, if not called and the worst performer is below its final barrier, repayment is reduced one-for-one with the index decline, down to zero, with no downside protection. The securities do not pay dividends on the indices, may be called by the issuer on specified dates at par plus any due coupon, trade with limited or no liquidity, and are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing callable contingent coupon equity-linked securities due July 25, 2029, linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices. Each security has a $1,000 principal amount and may pay a 0.9458% contingent coupon per period (about 11.35% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier set at 70% of its initial value.
If the notes are not called and, on the final valuation date, the worst-performing index is at or above its final barrier (60% of initial), investors receive $1,000 plus any final coupon; if it is below, repayment is reduced one-for-one with the index loss, down to zero. Citigroup may redeem the notes early on specified dates at $1,000 plus any coupon. The total offering is $2,173,000, with an underwriting fee of $7.50 per security and an estimated value of $984.90 per security, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Callable Contingent Coupon Equity Linked Securities linked to the worst-performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, each with a $1,000 stated principal amount and maturing on August 5, 2031.
The notes pay a contingent coupon of at least 1.3583% per period (approximately at least 16.30% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier, set at 80.00% of its initial value. If the worst-performing index is below its final barrier (also 80.00% of initial) at maturity and the notes have not been redeemed, principal is reduced 1% for every 1% decline, down to zero. The issuer may redeem the notes early on specified dates at $1,000 plus any due coupon, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.