Every 424B that Citigroup Inc (C) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow C and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full C filings page.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities linked to the worst performer of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, fully and unconditionally guaranteed by Citigroup Inc. Each security has a $1,000 stated principal amount, with pricing on July 31, 2026, issuance on August 5, 2026 and maturity on February 3, 2028, unless called earlier.
The securities pay a contingent coupon of 1.0833% per month (about 13.00% per annum) only if, on the relevant valuation date, the worst-performing index is at or above 80.00% of its initial level; missed coupons can be later “caught up” if the condition is again satisfied. The notes are automatically redeemed on specified potential autocall dates if the worst-performing index is at or above its initial level, paying $1,000 plus the applicable coupon and any unpaid coupons. If not called and the worst-performing index ends below 80.00% of its initial level at final valuation, repayment of principal is reduced one-for-one with that index loss, down to a minimum of $0, and no coupon is paid at maturity.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing unsecured, guaranteed Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index® and Russell 2000® Index, maturing August 16, 2029.
The notes pay a 2.8375% contingent coupon per quarter (11.35% 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. Principal is protected only if, at final valuation, the worst performer is at or above 60% of its initial value, otherwise repayment is reduced one-for-one with the index loss, down to zero.
Citigroup may call the notes in whole on specified coupon dates at $1,000 plus any due coupon, capping future income. The issue price is $1,000 per note, with an estimated value of $988.70, proceeds to issuer of $997, and a total offering of $500,000. Investors face index, correlation, liquidity, tax and Citigroup credit risk.
Citigroup Inc. (C), via Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to Chipotle Mexican Grill, Inc. (CMG), maturing August 16, 2028, with a $1,000 stated principal amount per security.
The notes pay a contingent coupon of 3.325% of principal per quarter (13.30% per annum) only if CMG’s closing value on each valuation date is at or above the $20.80 coupon barrier. If, on specified potential autocall dates, CMG is at or above the $32.00 initial value, the notes are automatically redeemed at $1,000 plus applicable coupons.
If not called and the final CMG value is below the $20.80 final barrier, holders receive 31.25 CMG shares per note (or equivalent cash), which may be worth far less than $1,000, including possibly zero, and no coupon at maturity. The securities are unsecured and subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have limited or no liquidity, an estimated value of $971.50 per note versus a $1,000 issue price, and involve complex U.S. tax treatment.
Citigroup Inc. (C), via Citigroup Global Markets Holdings Inc., is offering unsecured, IBM-linked Autocallable Contingent Coupon Equity Linked Securities maturing August 16, 2029. Each $1,000 note pays a 3.525% quarterly contingent coupon (annualized 14.10%) only if IBM’s closing value on the relevant valuation date is at or above the $119.21 coupon barrier (50% of the $238.42 initial value).
Starting February 11, 2027, if IBM’s value on a potential autocall date is at least the initial value, the notes are automatically redeemed at $1,000 plus the coupon. If not called and IBM’s final value is at or above $119.21, investors receive $1,000 at maturity; otherwise they receive 4.19428 IBM shares per note (or equivalent cash), exposing them to full downside and possible total loss of principal. Investors do not receive IBM dividends or upside beyond coupons and face Citi credit risk and limited liquidity. The issue price is $1,000 per note, with estimated value of $978.90 and total offering size of $2,015,000.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing unsecured, senior, principal-at-risk Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq‑100®, Russell 2000® and S&P 500® indices, guaranteed by Citigroup Inc.
The notes have a $1,000 stated principal per security, pricing on August 31, 2026 and maturing on September 6, 2029, with quarterly valuation dates. Investors may receive contingent coupons at an annualized rate of at least 11.00% if, on each valuation date, the worst-performing index is at or above 70% of its initial level. Citigroup may call the notes in whole on specified dates, paying $1,000 plus any due coupon.
At maturity, if not called, investors receive $1,000 per note only if the worst-performing index is at or above its 70% final barrier; otherwise repayment is reduced one-for-one with the index loss, down to zero. The estimated value on the pricing date is expected to be at least $931 per note, below the issue price, and the notes carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through its subsidiary Citigroup Global Markets Holdings Inc., is offering callable fixed rate notes due September 17, 2027, fully and unconditionally guaranteed by Citigroup Inc. Each note has a $1,000 stated principal amount and pays fixed interest at 4.40% per annum, calculated on an Actual/360 basis, from the original issue date of August 17, 2026 to but excluding the maturity date, unless earlier redeemed.
Interest is payable on February 17, 2027, August 17, 2027 and at maturity. Beginning February 17, 2027, the issuer may redeem the notes in whole on specified redemption dates at 100% of principal plus accrued interest. The notes will not be listed on any securities exchange. The issue price is generally $1,000 per note, with CGMI receiving an underwriting fee of up to $0.50 per note. Net proceeds will be used for general corporate purposes and related hedging activities.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering unsecured, senior autocallable market-linked securities linked to the worst performer of the Nasdaq‑100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by Citigroup Inc. The notes pay no interest and have a stated principal amount of $1,000 per security, with a pricing date of August 14, 2026 and, unless earlier redeemed, a maturity date of August 17, 2029.
The notes may be automatically redeemed on August 16, 2027 if the closing value of the worst performing index on that date is at least its initial value, in which case investors receive $1,070 per security (principal plus a 7% premium) and no further participation. If not called, at maturity investors receive $1,000 plus a return amount that is positive only if the worst performing index finishes above its initial value, calculated as $1,000 times the index return times a 100% upside participation rate; otherwise only principal is repaid. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the notes are expected to have limited or no liquidity.
CITIGROUP INC (symbol C), through its subsidiary Citigroup Global Markets Holdings Inc., is offering Autocallable Contingent Coupon Equity Linked Securities, medium‑term senior notes linked to the worst performer of the Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 0.6708% per period (about 8.05% 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. The same 70% level serves as a final barrier for principal repayment. If on any potential autocall date the worst performer is at or above its initial value, the notes are automatically redeemed early at $1,000 plus that period’s coupon.
If the notes are not called and the worst performing index ends below its final barrier, repayment is reduced one‑for‑one with the index loss, potentially down to $0. The estimated value on the pricing date is expected to be at least $911 per $1,000 note, below the issue price, reflecting selling, structuring and hedging costs and the use of the issuer’s internal funding rate. Investors also face credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited or no liquidity, complex U.S. tax treatment and multiple index and correlation risks.
Citigroup Inc. (C), through Citigroup Global Markets Holdings Inc., is offering medium-term, autocallable senior notes linked to the Nasdaq-100 Futures 35% Edge Volatility 6% Decrement™ Index ER, guaranteed by Citigroup Inc. Each security has a $1,000 stated principal amount, an expected pricing date of August 27, 2026, issue date of August 31, 2026, and final maturity on September 5, 2036, unless called earlier.
The notes may be automatically redeemed quarterly (after one year) if the index is at or above its initial level, paying $1,000 plus a fixed premium that starts at 24.20% of principal on August 27, 2027 and steps up to 242.00% on the final valuation date. If not called, at maturity holders receive: $1,000 plus the final premium if the index is at or above its initial level; $1,000 if the index is between the initial level and the 50% barrier; or 1‑for‑1 downside to the index return below the barrier, with potential loss of the entire principal.
The issue price is $1,000 per security, including a $50 underwriting fee (proceeds to the issuer $950 per security). Citigroup Global Markets Inc. estimates the value on the pricing date will be at least $850 per security, based on proprietary models. The underlying index is administered by a Citigroup affiliate, uses up to 500% leveraged exposure with a 35% volatility target and a 6% annual decrement, and has limited live history; extensive hypothetical back‑tested data show it has historically underperformed the Nasdaq‑100 Index.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable buffered notes linked to the MSCI Emerging Markets Index (MXEF), with a stated principal of $1,000 per security and a Citigroup Inc. guarantee. The notes may be automatically redeemed on the September 13, 2027 valuation date if the index is at or above its initial level, paying $1,000 plus a 15.85% premium.
If not called, at maturity investors receive $1,000 plus 150% of any positive index return; principal is protected down to a 20% buffer, with losses beyond that amplified by a 1.25x buffer rate. The issue price is $1,000, including a $15 underwriting fee, versus an estimated value of at least $930 based on internal models, and investors forgo index dividends and assume Citigroup credit, market, and tax-structure risks.
Citigroup Inc. (C), via its wholly owned subsidiary Citigroup Global Markets Holdings Inc., is offering medium-term senior Autocallable Contingent Coupon Equity Linked Securities linked to the Nasdaq-100 Futures 35% Edge Volatility 6% Decrement™ Index ER, guaranteed by Citigroup Inc. Each security has a stated principal amount of $1,000, a scheduled maturity on September 5, 2036, and pays a contingent coupon of 1.175% per month (14.10% per annum) only if the index is at or above a coupon barrier set at 60% of the initial index value on each monthly valuation date.
The notes are subject to automatic early redemption from August 31, 2027 if on any trading day during the autocall period the index closes at or above its initial level, in which case investors receive only the $1,000 principal (plus any due coupon if the trigger day is also a valuation date). At maturity, if not called, investors receive $1,000 per note if the final index value is at or above a final barrier set at 50% of the initial value, but participate one-for-one in negative index performance below that level, potentially losing most or all of principal.
The issue price is $1,000 per note, including a $50 underwriting fee, with $950 in proceeds to the issuer; Citigroup Global Markets Inc. expects the estimated value on the pricing date to be at least $853 per note, reflecting dealer pricing models and hedging costs. The filing highlights substantial risks, including complex index methodology, potential underperformance versus the Nasdaq‑100 Index®, limited liquidity, issuer and guarantor credit risk, and significant tax and withholding uncertainties, particularly for non‑U.S. investors.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering medium-term senior Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the EURO STOXX 50® Index, Russell 2000® Index and S&P 500® Index, maturing on August 22, 2033 and fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a contingent coupon of 2.5625% of face value per quarter (annualized 10.25%) only if, on each valuation date, the worst performing index is at or above its coupon barrier, set at 70% of its initial level. Principal protection is conditional: if at final valuation the worst index is below its final barrier (set at 50% of initial), repayment is reduced one-for-one with that decline and can fall to zero.
Citigroup may redeem the notes early on specified dates at $1,000 per note plus any due coupon, limiting potential income. Initial index levels are 6,533.99 (EURO STOXX 50), 3,045.483 (Russell 2000) and 7,748.50 (S&P 500). The issue price is $1,000 per note, with $5 underwriting fee and estimated value of at least $925, 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 Medium-Term Senior Notes, Series N as Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Dow Jones Industrial Average, the Nasdaq-100 Index® and the Russell 2000® Index. Each security has a $1,000 stated principal amount, a pricing date of August 24, 2026, issue date of August 27, 2026, and, unless earlier redeemed, a maturity date of July 27, 2028.
The notes pay a 0.85% contingent coupon per period (equivalent to 10.20% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier, set at 65.00% of its initial value. Principal repayment at maturity also depends on the worst-performing index: if its final value is at or above the 65% final barrier, investors receive $1,000; otherwise, repayment is reduced one-for-one with the index decline and can fall to zero. Citigroup may call the notes in whole on specified potential redemption dates, paying $1,000 plus any due coupon, limiting future income if redeemed.
The product carries credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., offers no dividends or upside participation in the indices, and may have limited or no secondary market liquidity. The issuer expects the estimated value on the pricing date to be at least $934.00 per security, below the $1,000 issue price, reflecting structuring, distribution, and hedging costs. The filing highlights complex U.S. tax treatment, potential withholding for non-U.S. holders and extensive risk factors, including volatility, correlation between indices, small-cap exposure via the Russell 2000® and possible conflicts of interest in hedging and index-related activities.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Contingent Coupon Equity Linked Securities due August 29, 2029, linked to the worst performer of the Nasdaq‑100 Index, the Russell 2000 Index and the SPDR S&P Regional Banking ETF (KRE), at $1,000 per security.
The notes pay a 0.9583% monthly contingent coupon (about 11.50% per year) only if, on each valuation date, the worst-performing underlying is at or above 60% of its initial value. From February 24, 2027 onward, the notes are subject to automatic early redemption if the worst-performing underlying is at or above its initial value, returning $1,000 plus the coupon.
If not called, principal repayment at maturity depends solely on the worst performer: full repayment if it is at or above 70% of its initial value, or 1:1 downside exposure to its loss below that level, with no minimum, so investors may lose most or all of their investment and receive no coupons. The estimated value on the pricing date is expected to be at least $929 per $1,000, below issue price, reflecting structuring and hedging costs. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and liquidity in any secondary market may be limited.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices. Each security has a $1,000 principal amount, prices on August 19, 2026 and, unless called, matures on August 23, 2029.
Investors may receive a monthly contingent coupon of 0.8833% of principal (about 10.60% per annum) only if, on the relevant valuation date, the worst performing index is at or above 70% of its initial level. Principal is fully returned at maturity only if the worst index is at or above 60% of its initial level; below that, repayment is reduced 1-for-1 with the index loss, down to zero.
The issuer may redeem the notes in whole on specified coupon dates from February 2027 onward at $1,000 plus any due coupon, limiting potential income. The notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited liquidity, complex payoff features, and uncertain U.S. tax treatment. The estimated value on the pricing date is expected to be at least $936.50 per $1,000, below the issue price, reflecting selling, structuring and hedging costs.
Citigroup Inc. (C), through Citigroup Global Markets Holdings Inc., is offering principal-at-risk Contingent Income Callable Securities due August 2028 linked to the worst performer of the EURO STOXX 50®, Russell 2000® and S&P 500® indices. Each $1,000 security pays a quarterly contingent coupon of 2.95% (11.80% per annum) only if, on every trading day in the observation period, all three indices stay at or above 75.00% of their initial level; otherwise no coupon is paid for that quarter.
The notes are callable quarterly at the issuer’s option for $1,000 plus any due coupon, which can shorten the term to as little as three months. If not redeemed and the worst-performing index ends at or above its downside threshold (75.00% of initial), investors receive $1,000 plus any final coupon. If it finishes below that level, repayment is reduced 1‑for‑1 with the index loss, down to zero, so investors may lose their entire principal and receive few or no coupons. The issue price is $1,000 per security, with $20.00 in underwriting fees and estimated value of at least $919.50. The securities are unsecured obligations guaranteed by Citigroup Inc., are not bank deposits, and carry complex U.S. tax and 30% withholding considerations for non‑U.S. holders.
CITIGROUP INC (symbol: C) is the issuer of record for a Form 424B2 filing submitted to the SEC.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to GE Vernova Inc. (GEV), fully and unconditionally guaranteed by Citigroup Inc. Each security has a stated principal of $5,000 and matures on August 22, 2028, unless called earlier.
Investors may receive a 3.75% contingent coupon per period (15.00% per annum) on each observation date only if GEV’s closing value is at or above the coupon barrier value, set at 48.70% of the initial underlying value; missed coupons are “memory” and can be paid later if the barrier is met. The notes are autocallable on specified dates if GEV is at or above its initial value, in which case investors receive $5,000 plus the applicable coupon and any unpaid coupons.
If not called, at maturity investors receive $5,000 per security only if the final value is at or above the final barrier value (also 48.70% of initial). Otherwise they receive a fixed number of GEV shares (or cash equivalent) based on an equity ratio of principal divided by initial value, which may be worth far less than $5,000 and can be zero, with no coupons. The estimated value on the pricing date is expected to be at least $4,600 per security, below the $5,000 issue price, reflecting dealer fees, hedging and funding costs, and there is significant issuer, market, liquidity and tax risk.
CITIGROUP INC (C), through subsidiary Citigroup Global Markets Holdings Inc., is offering callable fixed rate notes due September 13, 2027, fully and unconditionally guaranteed by Citigroup Inc. Each note has a stated principal amount and initial issue price of $1,000, paying interest at a fixed rate of 4.40% per annum on an Actual/360 basis.
Interest is payable on February 13, 2027, August 13, 2027 and at maturity, with day-count-based accruals. Beginning November 13, 2026, the issuer may redeem the notes at 100% of principal plus accrued interest on specified redemption dates. The notes will not be listed on any securities exchange. CGMI acts as underwriter, earning an underwriting fee of up to $0.50 per note, and may apply a temporary three-month upward pricing adjustment reflecting expected hedging profit.
CITIGROUP INC (C), as guarantor, is supporting a $3,618,000 offering of unsecured senior Buffered Digital TOPIX® Index-Linked Notes due August 18, 2027, issued by Citigroup Global Markets Holdings Inc. The notes pay no interest and do not guarantee return of principal.
For each $1,000 note, if the TOPIX Index final level on August 16, 2027 is at least 90.00% of the initial level of 4,100.61, investors receive a fixed threshold settlement amount of $1,106, a contingent return of 10.60%. If the index falls more than the 10.00% threshold amount, principal is reduced by approximately 1.1111% for each 1% decline beyond that threshold, down to a possible total loss.
The notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., are not listed on any exchange and may have little or no secondary market. The estimated value on the trade date is less than the issue price due to selling, structuring, hedging costs and use of an internal funding rate. Citigroup highlights significant market, currency, liquidity and tax uncertainties, including complex U.S. federal tax treatment as a prepaid forward contract.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable structured securities linked to the worst-performing of the EURO STOXX 50® Index and the Russell 2000® Index, each with a $1,000 stated principal amount and full, unconditional guarantee from Citigroup Inc.
The notes may be automatically redeemed on specified valuation dates from November 20, 2026 through May 20, 2031 if the worst-performing index is at or above its applicable premium threshold, paying $1,000 plus a fixed premium that steps up over time to 50.7500% of principal on the final valuation date. If held to maturity and the worst-performing index is at or above 95% of its initial level, investors receive principal plus the final premium; between 75% and 95% they receive principal only; below 75% they incur a loss matching the index decline, potentially losing their entire investment. The issue price is $1,000, with an underwriting fee of up to $30.50 and minimum proceeds to the issuer of $969.50 per security; the estimated value on the pricing date is expected to be at least $910.50, reflecting model-based pricing and internal funding rates.
Citigroup Inc. (C), through Citigroup Global Markets Holdings Inc., is offering Medium-Term Senior Notes, Series N called Bearish Upturn Securities linked to the S&P 500® Index. Each security has a $1,000 stated principal amount and is fully and unconditionally guaranteed by Citigroup Inc.
At maturity on October 18, 2027, investors receive $1,000 plus a leveraged gain if the S&P 500 has declined, equal to 300.00% of the absolute negative index return, capped at a maximum return of $615.00 per security (61.50% of principal). If the index has risen, investors lose principal on a 1-to-1 basis, up to a maximum loss of $1,000.00 per security (100% of principal).
The issue price is $1,000.00 per security, including an underwriting fee of up to $23.50, with expected estimated value on the pricing date of at least $914.50 based on internal models. The underlying is the S&P 500 Index, whose closing value on August 10, 2026 was 7,753.11. The notes are subject to issuer and guarantor credit risk, complex tax treatment as a prepaid financial contract, lack of principal protection and limited liquidity.
Citigroup Inc. (C), via Citigroup Global Markets Holdings Inc., is offering unsecured Memory Coupon Barrier Step-Down Autocall Securities linked to the worst performing of QQQ, IWM and SPY. Each security has a $1,000 principal amount, with a total offering of $600,000, fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a contingent coupon of 2.25% per quarter (9.00% p.a.) only if, on each valuation date, the worst performing ETF is at or above 70% of its initial value. Missed coupons are memorized and may be paid later if the barrier is met. The notes can be automatically called on scheduled dates if the worst performer is above a step‑down autocall barrier (from 100% to 85% of initial).
If not called and the worst ETF is at or above 70% of its initial value at final valuation, investors receive $1,000 plus any due coupon. Otherwise, they receive a fixed number of shares of the worst ETF (or cash equivalent) via its equity ratio, which may be worth substantially less than principal, including a potential total loss. The issue price is $1,000 with an estimated value of $977.50 and an underwriting fee of $14 per note.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering callable equity-linked securities tied to the worst performing of the EURO STOXX 50® Index, Nasdaq-100 Index® and Russell 2000® Index, with a total offering size of $10,000,000 at $1,000 per security. The notes pay a fixed monthly coupon of 1.0917% of principal (about 13.10% per annum) starting in September 2026. Citigroup may redeem the notes in whole on monthly dates from February 2027 through January 2028 at $1,000 plus the related coupon.
If not redeemed, the February 2028 maturity payment depends solely on the worst performing index. Principal is fully repaid only if no knock‑in event occurs or the worst index is at or above its initial level; otherwise, repayment is reduced one-for-one with that index’s loss and can fall to zero, aside from the final coupon. A knock‑in event occurs if any index closes below 70% of its initial level on any day during the observation period. The notes are unsecured, subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, and may have limited or no secondary market liquidity.
CITIGROUP INC (symbol: C) is the issuer of record for a Form 424B2 filing submitted to the SEC.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 Index® and Russell 2000® Index, with a stated principal amount of $1,000 per security and total issue size of $572,000.
The notes pay a contingent coupon of 1.0417% per month (12.50% p.a.) only if, on each valuation date, the worst performing index is at or above its coupon barrier, set at 70% of its initial value; otherwise no coupon is paid. At maturity, if not previously called and the worst index is at or above its 70% final barrier, investors receive $1,000 per note; if it is below, principal is reduced 1-for-1 with the index loss, potentially to zero. The issuer may redeem the notes in whole on specified dates at $1,000 plus any coupon. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the estimated value on the pricing date is $991.80 per security, below the issue price.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable unsecured debt securities linked to the worst performer of the Dow Jones Industrial Average, Nasdaq‑100 Index® and Russell 2000® Index, maturing August 14, 2031. The notes pay no interest and do not guarantee principal repayment.
The notes can be automatically redeemed on scheduled valuation dates starting August 11, 2027 if the worst-performing index is at or above its initial value, returning $1,000 plus a fixed premium that steps up over time. If held to maturity, investors receive $1,000 plus the final-date premium if the worst-performing index finishes at or above its initial value, $1,000 if it is below the initial but at or above 70% of that value, or $1,000 plus the index return if it is below 70%, exposing investors to 1‑for‑1 downside and possible total loss of principal.
The issue price is $1,000 per security versus an estimated value of $948.90, reflecting embedded selling, structuring and hedging costs and use of an internal funding rate. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and the Citigroup Inc. guarantee, and liquidity may be limited with any secondary prices likely below the issue price.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing unsecured Autocallable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing February 15, 2028 and fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a 12.25% p.a. contingent coupon (3.0625% of principal per observation period) only if, on each valuation date, the worst-performing index is at or above 80% of its initial level; missed coupons can be recouped later if the barrier is again met. The securities may be automatically called on specified 2027 dates if the worst-performing index is at or above its initial level, paying $1,000 plus applicable coupons.
If not called and the worst performer is below 80% of its initial level at final valuation, principal is reduced 1-for-1 with that index’s loss, down to zero, and no final coupon is paid. The issue price is $1,000 per note versus an estimated value of $980.60, and investors face Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk and potentially limited secondary liquidity.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performing of the Dow Jones Industrial Average and the EURO STOXX 50® Index, with a stated principal amount of $1,000 per security and maturity on August 15, 2029 unless called earlier.
The securities pay a contingent coupon of 2.3625% per quarter (9.45% per annum) only if, on the relevant valuation date, the worst performing index is at or above its coupon barrier, set at 75% of its initial value. Principal protection is conditional: if at final valuation the worst-performing index is below its final barrier of 70% of its initial value, repayment is reduced one-for-one with the index loss, down to zero.
The notes may be automatically redeemed on specified dates if the worst-performing index is at or above its initial value, paying $1,000 plus the contingent coupon. The total offering is $1,015,000, with an issue price of $1,000, an estimated value of $987.10 and an underwriting fee of up to $6.00 per security. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering Enhanced Buffered Digital Securities linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indexes in an aggregate amount of $589,000. Each unsecured, guaranteed note has a $1,000 principal amount, prices on August 10, 2026, and matures on September 15, 2027.
The notes pay no interest and do not guarantee full principal. At maturity, if the worst-performing index is at or above 80% of its initial level (the buffer), investors receive $1,093.50 per note, a fixed 9.35% digital return. If the worst-performing index has fallen more than the 20% buffer, principal is reduced 1% for each 1% decline beyond the buffer, potentially resulting in significant loss.
Investors forgo dividends and upside beyond the fixed digital return, face credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and may encounter limited liquidity. The estimated value on the pricing date is $989.10 per note, below the $1,000 issue price, reflecting selling, structuring and hedging costs.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form of Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the Dow Jones Industrial Average™, Nasdaq-100 Index® and Russell 2000® Index, fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount, a term to July 19, 2028, and may be redeemed early at Citigroup’s option on specified dates at $1,000 plus any due contingent coupon. A contingent coupon of at least 0.8333% of principal per valuation period (about 10.00% per annum) is paid only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier of 70% of its initial value. If held to maturity and not called, principal is fully repaid only if the worst-performing index is at or above its final barrier of 60% of its initial value; otherwise repayment falls one-for-one with the decline in that index and can drop to zero, with no minimum payment. The estimated value on the pricing date is expected to be at least $934 per $1,000 security, below issue price, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., with limited or no secondary market liquidity expected.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured, autocallable medium-term senior notes linked to the worst performer among the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount, pays no interest and may be automatically redeemed on scheduled valuation dates from August 27, 2027 through February 26, 2031 if the worst-performing index is at or above its initial level, with fixed premiums ranging from 9.90% to 49.50% of principal. If not called, at maturity on August 29, 2031 investors receive principal plus the final premium if the worst index is at or above its initial level, par if it is below initial but at or above 75% of initial, and principal reduced 1-for-1 with the index decline if it falls below that barrier, with the payoff potentially reduced to zero.
The issue price is $1,000 per security, including an underwriting fee of up to $41 (proceeds to issuer $959 per security). The estimated value on the pricing date is expected to be at least $900.50, reflecting structuring and hedging costs and the issuer’s internal funding rate. The notes entail index, correlation, volatility, liquidity, tax and credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering market-linked medium-term senior notes tied to the S&P 500® Index, maturing on March 5, 2031. The notes pay no interest and repayment of the $1,000 principal per security is not fully protected.
At maturity, if the S&P 500® final value exceeds its initial value, investors receive $1,000 plus the index gain multiplied by a 100% upside participation rate, capped by a maximum return of $563 per security (56.30% of principal). If the index falls, investors incur losses 1‑for‑1 with index declines, but no more than a maximum loss of $100 per security (10.00% of principal), if held to maturity.
The securities are unsecured obligations of Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., and all payments are subject to their credit risk. Investors forgo dividends on the S&P 500® and face limited or no liquidity; any secondary market would be made on a discretionary basis by Citigroup Global Markets Inc. The estimated value on the pricing date is expected to be at least $934.50 per $1,000 security, reflecting structuring, hedging costs and the issuer’s internal funding rate.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, due August 17, 2029. The notes have a stated principal amount of $1,000 per security and are fully and unconditionally guaranteed by Citigroup Inc.
Investors may receive quarterly contingent coupons of at least 2.6875% of principal (at least 10.75% per annum) only if, on the relevant valuation date, the worst-performing index is at or above 75% of its initial value. The same 75% level serves as a final barrier for principal: if, at maturity, the worst-performing index closes below its final barrier and the notes have not been called, repayment is reduced one-for-one with the index loss, down to zero. The notes may be automatically redeemed on specified dates if the worst-performing index is at or above its initial value, in which case holders receive $1,000 plus the coupon. The issue price is $1,000, with an underwriting fee of up to $20 and at least $980 per security to the issuer; the estimated value on the pricing date is expected to be at least $921.50.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N called Enhanced Barrier Digital Securities linked to On Holding AG, due September 23, 2027. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if the final share price of On Holding AG is at or above the final barrier (80% of the initial value), investors receive $1,000 plus a fixed digital return of $295, a 29.5% payoff cap regardless of higher equity gains. If the final value is below the barrier, repayment is $1,000 plus $1,000 times the underlying return, giving full 1‑for‑1 downside and potential total loss of principal. The notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., offer no dividends or voting rights in On Holding AG, and may have limited or no secondary market liquidity. Citigroup estimates the notes’ initial value will be at least $937 per security, reflecting structuring and hedging costs, and expects to treat them as prepaid forward contracts for U.S. federal income tax purposes, with additional complexity for non‑U.S. holders under Section 871(m).
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, structured as Autocallable Contingent Coupon Equity Linked Securities linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index® and Russell 2000® Index. The notes are fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount, a term to August 30, 2029, and pays a contingent coupon of 9.25%–10.25% per annum, paid only if on a valuation date the worst-performing index is at or above its coupon barrier, set at 70% of its initial value. The same 70% level is the final barrier that determines principal protection at maturity.
The notes may be automatically called on specified autocall dates if the worst-performing index is at or above its initial value, in which case holders receive $1,000 plus the contingent coupon. If not called and, on the final valuation date, the worst-performing index is below its final barrier, principal repayment is reduced 1-for-1 with the index loss and may fall to zero. Investors receive no dividends or index upside, face limited or no liquidity, and are exposed to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is expected to be at least $916.50 per security, below the $1,000 issue price, reflecting structuring and hedging costs.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Barrier Digital Securities linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500, due August 18, 2031. Each security has a $1,000 stated principal amount and is fully and unconditionally guaranteed by Citigroup Inc.
The notes pay no interest. At maturity, if the worst-performing index is at or above its initial value, investors receive $1,710 per security (principal plus a fixed 71% digital return). If it is below its initial value but at or above 70% of that value, investors receive only the $1,000 principal. If it is below the 70% barrier, repayment is reduced 1-for-1 with the index loss, down to a potential total loss of principal.
The issue price is $1,000 per security, including an underwriting fee of up to $33.50, with minimum proceeds to the issuer of $966.50 per security. Citigroup Global Markets Inc. currently expects the estimated value on the pricing date to be at least $916 per security, based on proprietary models and an internal funding rate. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the securities may have limited or no secondary market liquidity.
CITIGROUP INC (C), through subsidiary Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, structured as autocallable securities linked to the worst performer of the Dow Jones Industrial, Russell 2000® Index and S&P 500® Index, each with a $1,000 stated principal amount.
The notes pay no interest and may auto-redeem on scheduled valuation dates if the worst-performing index is at or above 90% of its initial value, returning principal plus a fixed premium that steps up over time to 50.75% at the final valuation date. If held to the September 3, 2031 maturity and not previously called, principal is fully protected only if the worst-performing index finishes at or above the 75% final barrier; otherwise, repayment is reduced 1% for each 1% decline from the initial level, with no minimum, exposing investors to full downside of the worst index. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the estimated value on the pricing date is expected to be at least $934 per security, below the issue price.
CITIGROUP INC (through Citigroup Global Markets Holdings Inc.) is offering unsecured, autocallable structured notes linked to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, with a $1,000 stated principal amount per security and no periodic interest.
The notes may be automatically redeemed on scheduled valuation dates from August 31, 2027 through August 28, 2031 if the worst performing index is at or above 90% of its initial value, paying $1,000 plus a fixed premium that steps up from 8.15% to 40.75% of principal. If not called, principal is protected at maturity only if the worst index is at or above 75% of its initial value; below that level, losses match the index decline and repayment can fall to zero.
All payments depend on the credit of Citigroup Global Markets Holdings Inc. and the Citigroup Inc. guarantee. The securities are expected to price with an estimated value of at least $914 per $1,000 issue price, will not be listed, and may have limited or no secondary market liquidity.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst of the Nasdaq‑100, Russell 2000 and S&P 500. Each security has a $1,000 stated principal amount, a pricing date of August 26, 2026, issue date of August 31, 2026, and, if not earlier redeemed, matures on July 31, 2031.
The notes pay a 0.9083% contingent coupon per month (about 10.90% per annum) only if, on the relevant valuation date, the worst performing index is at or above 75.00% of its initial value. At maturity, if the worst index is at or above 70.00% of its initial value, investors receive back $1,000 per note; otherwise, repayment is reduced 1:1 with the decline of that worst index, potentially to zero. Citigroup may call the notes in whole on specified dates, paying $1,000 plus any due coupon. The estimated value on the pricing date is expected to be at least $928 per security, below the $1,000 issue price, 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 unsecured Medium-Term Senior Notes, Series N in the form of callable contingent coupon equity-linked securities tied to ConocoPhillips (COP), maturing August 22, 2028, under an effective shelf registration.
Each security has a $1,000 stated principal amount. Investors may receive a contingent coupon of 2.5625% per quarter (a 10.25% annualized rate) on each scheduled payment date, but only if the COP closing value on the prior valuation date is at or above the coupon barrier value, set at 65% of the initial underlying value. Citigroup may redeem the notes in whole on specified potential redemption dates at $1,000 plus any due coupon, limiting future income.
If the notes are not called and the final COP value on the August 17, 2028 valuation date is at or above the final barrier value (also 65% of the initial value), holders receive $1,000 plus any final coupon. If the final value is below the final barrier, holders receive a fixed number of COP shares equal to the equity ratio (or, at Citigroup’s option, the cash value of those shares), which may be worth substantially less than $1,000 and can be zero. Estimated value on the pricing date is expected to be at least $921 per security, below the $1,000 issue price, reflecting distribution, hedging costs and the issuer’s internal funding rate. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and there may be little or no secondary market.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities due July 27, 2028, linked to the worst performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, with a $1,000 stated principal amount per security.
The notes pay a 0.8042% contingent coupon per month (about 9.65% per annum) only if on each valuation date the worst performing index is at or above 70% of its initial value. At maturity, if not called and the worst index is below its 70% final barrier, repayment is reduced 1-for-1 with the index loss, potentially to $0.
Citigroup may redeem the notes in whole on specified dates at $1,000 plus any coupon, limiting the potential income stream. The securities are unsecured and subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and their estimated value on the pricing date is expected to be below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Barrier Securities linked to the S&P 500® Index as Medium-Term Senior Notes, Series N. Each security has a $1,000 stated principal amount, pays no interest and may be automatically redeemed early.
On scheduled valuation dates from August 18, 2027 through August 18, 2031, if the S&P 500® closing value is at or above its initial level, investors receive $1,000 plus a fixed premium of 8.25%–33.00% depending on the year. If held to maturity without early redemption and the final index level is at or above the initial level, investors receive $1,000 plus the greater of a 25.00% premium or 100% participation in index appreciation.
If the index is below the initial level but at or above 75.00% of it, principal is repaid at par; below that barrier, repayment is reduced 1-for-1 with the index decline, down to zero. The estimated value on the pricing date is expected to be at least $917.50 per $1,000, below the issue price, reflecting selling, structuring and hedging costs. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., offer no dividends or voting rights, may have limited or no liquidity, and involve complex tax and market risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Buffer Securities linked to the worst performer of the Russell 2000® Index and the S&P 500® Index, maturing on August 31, 2029. Each security has a $1,000 stated principal amount, pays no interest, and is subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk.
The notes may be automatically redeemed on August 31, 2027 at $1,142.50 per security (14.25% premium) if the worst performing index is at or above its initial level; in that case investors forgo further upside. If not called, at maturity holders receive: (i) $1,000 plus leveraged upside (125% participation) if the worst performer is above its initial level; (ii) return of $1,000 if the worst performer is down but not below 80% of its initial level; or (iii) a loss of principal 1‑for‑1 beyond the 20% buffer if it finishes below that buffer.
Investors receive no dividends, face limited or no secondary market liquidity, and the issuer estimates an initial value of at least $935.50 per $1,000, reflecting structuring, hedging costs and its internal funding rate. The securities carry complex payoff, correlation, market, tax and small‑cap equity risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Buffer Securities linked to the worst performer of the Russell 2000® and S&P 500® indices, each with a stated principal amount of $1,000 and maturing on August 31, 2029 unless called earlier. The notes pay no interest and principal is not fully protected.
The notes may be automatically redeemed on August 31, 2027 at $1,107.50 per security (10.75% premium) if the worst-performing index is at or above its initial level; thereafter investors forgo further upside. If held to maturity and not called, payoff depends solely on the worst performer: upside gains are paid at a 125% participation rate above the initial level; between 80% and 100% of the initial level investors receive par; below 80% (the 20% buffer) losses are 1:1 beyond the buffer.
The indicative estimated value on the pricing date is expected to be at least $916 per security, below the $1,000 issue price, reflecting selling costs, hedging and the issuer’s internal funding rate. An underwriting fee of up to $20 per security applies, and liquidity may be limited, with any secondary market made on a discretionary basis by an affiliate of the issuer. The notes are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. and involve complex market and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Medium-Term Senior Notes, Series N in the form of callable contingent coupon equity-linked securities tied to the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on August 31, 2029.
Each $1,000 security may pay a 2.25% quarterly contingent coupon (9.00% per annum) only if the worst-performing index on each valuation date is at or above 70% of its initial value. Principal is protected only down to a 15.00% buffer; below 85% of the initial value for the worst-performing index at final valuation, investors lose 1% of principal for each 1% drop beyond the buffer. The issuer may redeem the notes early on specified dates at $1,000 plus any due coupon, and the notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., as well as limited liquidity and complex U.S. tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity‑linked notes due August 31, 2029, linked to the worst performer of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index. The notes have a $1,000 stated principal per security and are unsecured obligations.
Investors may receive a 2.60% quarterly contingent coupon (10.40% per annum) only if, on each valuation date, the worst performing index is at or above 70% of its initial level. Principal is protected only by a 15% buffer: if at final valuation the worst index is below 85% of its initial level, maturity payment is reduced 1% for each 1% decline beyond the buffer, potentially down to a small fraction of principal and with no coupon. The issuer may redeem the notes early on specified dates at $1,000 plus any coupon, limiting the term if conditions are favorable to Citigroup.
The notes carry credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., offer no participation in index upside or dividends, and may have limited or no secondary market liquidity. The estimated value on the pricing date is expected to be at least $931 per $1,000 note, reflecting structuring, hedging costs and use of an internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $2,656,000 of Contingent Income Auto-Callable Securities linked to the worst performer of Amazon, Alphabet Class A and Microsoft stock. Each security has a $1,000 stated principal amount, prices on August 7, 2026, and matures on August 10, 2028, unless automatically redeemed.
Investors may receive a quarterly 2.80% contingent coupon (11.20% per annum) only if the worst-performing share on a valuation date is at or above its downside threshold, set at 50% of its initial share price (AMZN $137.240, GOOGL $177.150, MSFT $249.995). A memory feature pays previously missed coupons if the test is later met. The notes auto-call at par plus coupon (including unpaid coupons) if, on a potential redemption date, the worst-performing share is at or above its initial price. If held to maturity and not called, principal is fully repaid only if the worst-performing share finishes at or above its downside threshold; otherwise repayment is $1,000 + $1,000 × share return, which can be less than 50% of principal or zero. The estimated value is $969.60 per security, below the $1,000 issue price, reflecting structuring and distribution costs, and investors face issuer and guarantor credit risk and complex U.S. tax and withholding treatment.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing principal-at-risk "Jump Securities", $1,000 stated principal amount per security, under its Medium-Term Senior Notes, Series N program. These six-year notes are auto-callable based on the worst performing of three State Street sector ETFs: Energy (XLE), Health Care (XLV) and Technology (XLK).
Beginning about one year after issuance, if on any valuation date the worst performing ETF is at or above its mandatory redemption threshold value, the notes are automatically redeemed for $1,000 plus a fixed premium that steps up over time from 13.200% to 79.200% of principal. If the notes are not called and, at final valuation, the worst ETF is below its initial value, investors receive $1,000 plus $1,000 times that ETF’s return, giving 1-to-1 downside exposure to the worst performer and potential total loss. The securities pay no coupons or dividends and do not participate in any upside beyond the fixed premiums. The issue price is $1,000 per security; CGMI expects the estimated value to be at least $869, reflecting structuring and distribution costs.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Autocallable Barrier Securities linked to the Russell 2000® Index with a stated principal amount of $1,000 per security, due August 21, 2031. The notes pay no interest and do not guarantee repayment of principal.
The securities may be automatically redeemed on specified annual valuation dates starting in 2027 if the index closes at or above its initial level, paying $1,000 plus a premium of 10%, 20%, 30% or 40%, depending on the year. If held to maturity and not called, investors receive (i) $1,000 plus the greater of a 25% premium or 100% participation in any index appreciation, (ii) $1,000 if the final index level is below the initial but at or above 75% of it, or (iii) a loss matching the index decline if the final level is below 75% of the initial, up to total loss of principal. The estimated value on the pricing date is expected to be at least $916 per security, below the $1,000 issue price, and secondary market liquidity may be limited. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.