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 Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing January 26, 2029, with a stated principal of $1,000 per security.
The notes pay a 0.70% contingent coupon per period (8.40% per annum) only when the worst-performing index on a valuation date is at or above 60% of its initial value. Citigroup may redeem the notes in whole on specified dates at $1,000 plus any due coupon.
If not called and the worst-performing index is at or above its 60% final barrier at maturity, investors receive $1,000 plus the final coupon. If it is below that barrier, repayment is reduced dollar-for-dollar with the index loss and can fall to zero. The securities are unsecured, not exchange-listed, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000, with an estimated value of $982.80 per security and a total offering of $961,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100®, Russell 2000® and S&P 500® indices, maturing on January 26, 2029. Each security has a $1,000 principal amount and may pay a quarterly contingent coupon of 1.1875% (an annualized 14.25%) if, on the relevant valuation date, the worst-performing index closes at or above 80% of its initial value.
If not called and, on the final valuation date, the worst-performing index is at or above 80% of its initial value, investors receive $1,000 plus any final coupon. If it is below 80%, repayment is reduced one-for-one with the index decline, potentially to zero. Citigroup may redeem the notes in whole on specified dates at $1,000 plus any due coupon, capping future income.
The securities are unsecured, subject to the credit risk of both issuers, will not be listed on any exchange, and may have little or no liquidity. The issue price is $1,000, with an estimated value of $986.90 per security, reflecting selling, hedging and funding costs. The filing also highlights complex U.S. tax treatment and possible 30% withholding on coupons for certain non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index and the Russell 2000 Index, each with a 70% coupon and final barrier level.
Each $1,000 security pays a quarterly contingent coupon of 0.8375% (annualized 10.05%) only if, on the prior valuation date, the worst-performing index is at or above its coupon barrier. If the worst-performing index finishes below its final barrier at maturity, principal is reduced one-for-one with the index loss, potentially to zero.
The issuer may redeem the notes in whole on specified dates from July 2026 through December 2027 at $1,000 plus any due coupon. The notes are not listed, have limited liquidity, and expose holders to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per note, with an estimated value of $983.10 and total offering size of $1,303,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable securities linked to the worst performer of the Dow Jones Industrial Average, Russell 2000® Index and S&P 500® Index, with a $1,000 stated principal amount per security and total issue price of $2,692,000.
The notes pay no interest and may be automatically redeemed on scheduled valuation dates from January 22, 2027 through January 28, 2031 if the worst performing index is at or above 90% of its initial value, returning $1,000 plus a fixed premium that steps up from 6.30% to 31.50% of principal. If held to maturity on January 31, 2031 and not previously called, investors receive $1,000 plus the final premium if the worst index is at or above its 90% autocall barrier, $1,000 if it is between 70% and 90% of its initial level, and a loss matching the full downside of the worst index if it finishes below 70%.
The securities do not provide principal protection, pay no dividends, are not listed, and their value and repayment depend on both the equity index performances and the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is $953.00 per security, below the $1,000 issue price, reflecting fees, hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable securities linked to the worst performer of the Nasdaq-100 Index®, the S&P 500® Index and the State Street® Utilities Select Sector SPDR® ETF, maturing January 28, 2031.
The notes pay no interest and can be automatically redeemed on scheduled valuation dates if the worst performing underlying is at or above its initial level, returning $1,000 plus a fixed premium that steps up over time to 63.50% on the final valuation date. If held to maturity and not called, investors receive $1,000 plus the final premium if the worst performer is at or above its initial level, $1,000 if it is between 90% and 100% of its initial level, and a loss of 1% of principal for each 1% decline beyond a 10% buffer.
The securities do not provide dividends or upside beyond the fixed premiums, are subject to Citigroup credit risk, will not be listed on an exchange and may have limited liquidity. The total issue price is $626,000, with an underwriting fee of up to $7.50 per $1,000 and an estimated value of $966.10 per security on the pricing date.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities due January 27, 2028, linked to the worst performer of the Nasdaq-100 Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF.
The notes pay a contingent coupon of 0.8675% per month (10.41% per year) only if, on each valuation date, the worst-performing underlying is at or above 70% of its initial level. Principal is protected only if, on the final valuation date, the worst-performing underlying is at or above this same 70% barrier.
If the worst-performing underlying finishes below the 70% final barrier, repayment is reduced one-for-one with its decline and can fall to zero. Citigroup may redeem the notes early at par plus any due coupon, the notes will not be listed on an exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000 autocallable contingent coupon equity-linked securities due January 26, 2029, tied to the worst performer of the EURO STOXX 50®, Nasdaq‑100® and Russell 2000® indexes.
The notes pay a 2.025% quarterly contingent coupon (8.10% per year) only if the worst index on each valuation date is at or above 65% of its initial level. They can be automatically called from July 23, 2026 onward if the worst index is at or above its initial level, returning $1,000 plus the coupon.
If not called and the worst index finishes below 60% of its initial level, repayment is reduced one-for-one with the index loss, and investors can lose all principal. The notes are unsecured, unlisted, subject to Citigroup’s credit risk, priced at $1,000 with an estimated value of $976.20, and carry complex market, liquidity and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $500,000 of AVGO-linked autocallable contingent coupon securities at $1,000 per security, maturing January 26, 2029.
The notes pay a 1.375% quarterly contingent coupon (16.50% per year) only if Broadcom’s share price on each valuation date is at or above the $195.294 coupon barrier (60% of the $325.49 initial value). The notes can be automatically called on specified dates if AVGO is at or above the initial value, returning $1,000 plus the coupon.
If not called and AVGO finishes below the $162.745 final barrier (50% of the initial value), repayment is reduced one-for-one with the share decline, down to zero, so investors may lose all principal and receive no coupons. The securities are unsecured, subject to Citi’s credit risk, and will not be listed, so liquidity may be limited. The estimated value at pricing is $976.30 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on January 28, 2030.
Each $1,000 security pays a contingent coupon of 0.875% per period (equivalent to 10.50% per annum) only if, on the prior valuation date, the worst-performing index closes at or above its coupon barrier, set at 70% of its initial value. At maturity, if not called and the worst-performing index is at or above its final barrier (also 70% of initial), investors receive $1,000 plus any final coupon. If it is below the barrier, repayment is reduced one-for-one with the index decline and can fall to zero.
The notes are callable at the issuer’s option on specified coupon dates, offer no upside participation or dividends from the indexes, and will not be listed on any exchange. The issue price is $1,000, including up to a $5.00 underwriting fee, while the estimated value is $983.90, reflecting structuring and hedging costs and the issuer’s internal funding rate. Investors face Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, potential illiquidity, complex U.S. tax treatment and the possibility of losing a significant portion or all of their investment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indexes, maturing on July 28, 2027.
Each $1,000 security may pay a contingent coupon of 0.8958% per month (about 10.75% per year) on scheduled dates, but only if on the prior valuation date the worst-performing index is at or above 70% of its initial level. Missed barriers mean skipped coupons.
If not called early and the worst index finishes at or above 70% of its initial value, investors receive $1,000 back per security plus the final coupon. If it finishes below 70%, repayment falls in line with the index loss and can drop to zero, with no final coupon.
Citigroup may redeem the notes early at $1,000 plus any due coupon, limiting future income. The notes are not listed, may have little liquidity, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value at pricing is $985.40 per $1,000, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable securities linked to the worst performer of the Dow Jones Industrial, Nasdaq-100 Index® and Russell 2000® Index, each with a stated principal amount of $1,000 and no interest payments.
The notes may be automatically redeemed on scheduled valuation dates through February 2031 if the worst performing index is at or above its initial level, paying back principal plus a fixed premium that steps from at least 10% to 50%. If held to maturity without early redemption, investors receive principal plus the final premium if the worst index is at or above its initial level, par if it is at or above 70% of its initial level, and a 1-for-1 loss below that barrier.
The securities will not be listed, carry full credit risk of Citigroup entities, have an estimated value on the pricing date of at least $898 per $1,000 note, and include an underwriting fee of up to $41.25 per security, reflecting embedded structuring and hedging costs and significant downside and liquidity risk.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured callable notes linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and the State Street® Energy Select Sector SPDR® ETF.
The notes pay a contingent coupon of 1.1042% per month (about 13.25% per year) only if, on each valuation date, the worst-performing underlying is at or above 70% of its initial value. Citigroup may redeem the notes early on specified dates, returning $1,000 per note plus any due coupon.
If the notes are not called and, on the final valuation date, the worst-performing underlying closes below 70% of its initial value, investors lose 1% of principal for each 1% decline and can lose their entire investment, with no final coupon. The securities are not exchange-listed, carry Citigroup credit risk, and their estimated value at pricing of $983.20 is below the $1,000 issue price due to selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst performing of the Dow Jones Industrial Average, the Russell 2000® Index and the S&P 500® Index, maturing on January 26, 2029. Each security has a $1,000 stated principal amount and may pay a contingent coupon of 0.9708% per month (about 11.65% per year) if, on the relevant valuation date, the worst performing index is at or above 80% of its initial level.
If the notes are not called and, on the final valuation date, the worst performing index is at or above 80% of its initial level, investors receive $1,000 plus the final coupon. If it falls more than 20%, repayment is reduced using a buffer rate of 1.25, and investors can lose a substantial portion or all of their principal. The issuer can redeem the notes early on specified dates at $1,000 plus any due coupon. The securities are unsecured, not listed on any exchange, have an issue size of $9,669,000 and an estimated value of $995 per $1,000, and are fully subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable contingent coupon securities linked to Snap Inc. The notes target a high contingent coupon of 1.7167% per month, or about 20.60% per year, but coupons are paid only if Snap’s closing price on each valuation date stays at or above a barrier of $3.83, which is 50% of the $7.66 initial value.
The notes can be automatically called on specified dates if Snap closes at or above the initial value, in which case investors receive $1,000 plus that period’s coupon and no further payments. If the notes are not called and Snap finishes below the 50% final barrier at maturity, repayment is reduced one-for-one with Snap’s decline and can fall to zero. The notes are unsecured, subject to Citigroup’s and Citigroup Inc.’s credit risk, are not listed on an exchange, and may have limited liquidity. The estimated value at pricing is $971.80 per $1,000, below the issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing 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 on January 26, 2029.
Each $1,000 security may pay a 0.80% contingent coupon per month-equivalent (annualized 9.60%) whenever the worst-performing index on a valuation date is at or above 70% of its initial level. Missed coupons can be paid later if the barrier is met, but can be lost entirely.
At maturity, if not called and the worst index is at or above 60% of its initial level, investors receive $1,000 per security; below 60%, repayment is reduced 1% for each 1% decline, down to possible total loss. Citigroup may redeem the notes early at $1,000 plus any due coupon. The notes are unsecured, unlisted, subject to Citi credit risk, limited liquidity, complex U.S. tax treatment, and were priced at $1,000 with an estimated value of $993.10 due to selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured callable equity-linked securities tied to the worst performer of the Nasdaq-100® Technology Sector, the Russell 2000® Index and the S&P 500® Index, each with a $1,000 stated principal amount.
The notes pay a fixed monthly coupon of 0.5167% of principal (about 6.20% per year) and may be redeemed in whole at the issuer’s option on monthly dates from April 2026 through November 2027 at $1,000 plus the coupon. At maturity in December 2027, if not called, investors receive $1,000 per note only if the worst-performing index is at or above 60% of its initial value.
If the worst-performing index finishes below this 60% barrier, the maturity payment is reduced one-for-one with that index’s loss, and can fall to zero apart from the final coupon. The securities are not listed, carry Citigroup credit risk, have an estimated value of $965.40 per $1,000 issue price, and involve complex market, liquidity and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured equity-linked notes tied to the worst performer of the Dow Jones Industrial Average, Russell 2000® Index and S&P 500® Index, maturing January 27, 2028.
The notes pay a 0.9042% monthly contingent coupon (about 10.85% per year) only when the worst-performing index on a valuation date is at or above 70% of its initial level. Citigroup may redeem the securities early on specified dates at $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 65% of its initial level. Otherwise, repayment is reduced one-for-one with that index’s loss, down to zero. The notes are not listed, can be illiquid, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date of $943.50 to $997.60 per $1,000 note is below the issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured Callable Contingent Coupon Equity Linked Securities maturing December 29, 2027, in $1,000 denominations, for total proceeds of $1,412,000.00.
The notes are linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices. Investors may receive a contingent coupon of 0.9292% of principal per month (about 11.15% per year) only if, on each valuation date, the worst-performing index is at or above 70% of its initial level.
If the notes are not called and, on the final valuation date, the worst-performing index is below this 70% barrier, principal 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 due coupon. The securities are not listed, carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have an estimated value of $986.50 per $1,000 at pricing, and involve complex market, liquidity and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured equity-linked securities tied to the worst performer of the Dow Jones Industrial Average, the Russell 2000® Index and the S&P 500® Index, maturing January 26, 2029. Each $1,000 security pays a contingent coupon of 0.8542% per period (about 10.25% per year) only if, on the relevant valuation date, the worst-performing index is at or above 70% of its initial level.
If the notes are not called and, on the final valuation date, the worst-performing index is at or above 70% of its initial value, investors receive $1,000 plus any final coupon. If it is below 70%, repayment is reduced one-for-one with the index loss, potentially down to zero. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The securities are not listed, carry Citigroup credit risk, have an issue price of $1,000 versus an estimated value of $990.40, and the total offering size is $5,706,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term senior notes linked to the S&P 500 Futures Excess Return Index, maturing on March 4, 2031. Each security has a $1,000 stated principal amount and pays no periodic interest.
At maturity, investors receive $1,000 plus a return amount if the index has risen, calculated as $1,000 times the index return times a 112% upside participation rate. If the final index value is less than or equal to the initial value, investors receive only the $1,000 principal back, with no gain.
The notes are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, and may have limited or no secondary market. The issuer expects the estimated value on the pricing date to be at least $900 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs and use of an internal funding rate.
The underlying futures-based index is expected to underperform the total return of the S&P 500 Index because of an implicit financing cost and provides no dividends. The notes are treated as contingent payment debt instruments for U.S. federal income tax purposes, requiring accrual of interest income based on a comparable yield and a projected payment schedule.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes. Each security has a $1,000 stated principal and matures on February 1, 2029, unless redeemed early at the issuer’s option on specified dates at $1,000 plus any due coupon.
The notes pay a 0.6333% quarterly contingent coupon (about 7.60% per year) only if, on the prior valuation date, the worst-performing index is at or above 70% of its initial level. At maturity, if not called, investors receive $1,000 per note if the worst-performing index is at least 60% of its initial level; otherwise, repayment is reduced one-for-one with the index decline, potentially to zero. The securities are not listed, carry the credit risk of Citigroup and have an expected estimated value on the pricing date of at least $916 per $1,000, below the $1,000 issue price, reflecting fees, hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured medium-term senior notes that are callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index, maturing on February 7, 2031.
The notes pay a contingent coupon of 1.8375% per quarter (a 7.35% annual rate) on each observation date only if the worst-performing index is at or above 60% of its initial level; otherwise, no coupon is paid. If the notes are not called and, at final valuation, the worst-performing index is below 60% of its initial level, principal is reduced one-for-one with that decline, down to a possible zero repayment.
Citi may redeem the notes in whole on specified coupon dates, paying $1,000 per note plus any due coupon. The securities are not listed, may have limited liquidity, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issuer expects the estimated value on the pricing date to be at least $898 per $1,000 note, below the issue price, reflecting structuring, distribution and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering principal-at-risk medium-term senior notes linked to the 30-year SONIA ICE swap rate (SONIA CMS30). Each security has a £1,000 stated principal amount, with a maximum payment at maturity of £1,236.916894 and a minimum payment of £236.916894 on April 29, 2026. If the SONIA CMS30 rate on the valuation date (April 27, 2026) is at or above the strike of 4.558%, investors receive the maximum payment; if it is below the strike, the payout declines linearly by the specified formula, but not below the minimum. Hypothetical examples show potential losses of about three quarters of principal if the rate falls significantly. The notes are unsecured, not listed on any exchange, may have limited liquidity, and the estimated value on the pricing date is expected to be between £970.00 and £1,000.00 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term notes that pay contingent quarterly coupons linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices.
Each $1,000 security can pay a coupon of at least approximately 11.00% per year, but only if on each valuation date the worst performing index is at or above 70% of its initial level. If this condition is not met, no coupon is paid for that period.
Unless the notes are called early at the issuer’s option, principal repayment at maturity depends on the worst performing index. If its final level is at or above 70% of its start, investors receive $1,000 back; if it is below, repayment is reduced one‑for‑one with the index loss, potentially down to zero. The notes are not listed, may be hard to sell, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to the worst performer of the iShares Silver Trust, the Nasdaq-100 Index and the Russell 2000 Index. Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 1.3225% per period (at least 15.87% per annum) if, on the relevant valuation date, the worst performing underlying is at or above its coupon barrier, set at 50% of its initial value. The notes can be automatically redeemed on specified potential autocall dates if the worst performer is at or above its initial value, returning $1,000 plus the coupon. If not called and, at maturity, the worst performer is below its final barrier (50% of initial), investors lose 1% of principal for each 1% decline and can lose their entire investment. The securities are not listed, involve significant market, underlying and credit risks, and their estimated initial value is expected to be below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Dow Jones Industrial Average, the Russell 2000® Index and the S&P 500® Index, maturing on February 1, 2029. Investors may receive a contingent coupon of 0.8333% per month (about 10.00% per year) only if, on each valuation date, the worst performing index is at or above 70% of its initial level. If the notes are not called and the worst performing index is below 70% of its initial level at maturity, repayment of the $1,000 principal is reduced one-for-one with the index loss and can fall to zero. The issuer may redeem the notes early at par plus any due coupon, the notes are unsecured and unlisted, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The expected estimated value on the pricing date is at least $938 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering autocallable “Phoenix” structured securities linked to the common stock of NVIDIA Corporation (NVDA), maturing in February 2027. These notes pay a contingent coupon of 5.0125% of principal per period only when NVIDIA’s share price on the relevant valuation date is at or above a coupon barrier set at 80% of the initial share price, with missed coupons potentially paid later if the barrier is subsequently met.
The notes can be automatically redeemed early on any interim valuation date if NVIDIA’s closing price is at or above the initial share price, returning principal plus the applicable coupon but no upside participation in stock gains. If held to maturity and not redeemed, investors receive full principal plus any due coupon if the final share price is at or above an 80% final barrier; otherwise, repayment is reduced according to a formula that includes a 20% downside buffer and a buffer rate of 125%, which can lead to substantial or total loss of principal. The estimated value on the pricing date is expected to be at least $936 per $1,000, below the issue price, and the securities will not be listed on any exchange.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term senior notes called callable contingent coupon equity-linked securities tied to the worst performer of the Dow Jones Industrial Average, the Russell 2000® Index and the S&P 500® Index, maturing on February 7, 2029, unless called earlier.
The notes pay a contingent coupon of at least 2.25% of the $1,000 stated principal per quarter (at least 9.00% per annum) only if, on each valuation date, the worst performing index closes at or above 80% of its initial value. Citigroup may redeem the notes in whole on specified coupon dates, paying $1,000 plus any due coupon.
At maturity, if not redeemed and the worst performing index is at or above 80% of its initial value, investors receive $1,000 plus any final coupon. If it is below that 80% buffer level, repayment is reduced dollar-for-dollar for index losses beyond 20%, potentially resulting in a substantial loss of principal and no coupons. The estimated value on the pricing date is expected to be at least $936.50 per $1,000 note, below the issue price, reflecting structuring and hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to the worst performer of Alphabet, Walmart and Wells Fargo.
The notes have a $1,000 stated principal amount and can pay a contingent coupon of at least 1.0292% per period (about 12.35% per year) when, on a valuation date, the worst-performing stock is at or above 70% of its initial value. Missed coupons can be paid later if the condition is met, but may be lost entirely.
If not called early and the worst-performing stock is at or above 60% of its initial value at final valuation, holders receive $1,000 back; below 60%, repayment falls one-for-one with that stock’s loss, down to zero. The notes can be automatically redeemed early if the worst-performing stock is at or above its initial value on specified dates. They will not be listed, carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and have an estimated initial value of at least $906.50 per $1,000, below the issue price.
Citigroup Inc. is offering depositary shares, each representing a 1/1,000th interest in a share of its perpetual, noncumulative Preferred Stock, Series II. Each preferred share has a $25,000 liquidation preference, equivalent to $25 per depositary share, and dividends are payable in cash quarterly when, as, and if declared by the board, on specified dates in February, May, August, and November. Dividends are noncumulative and subject to regulatory capital and other legal restrictions.
Citigroup may redeem the preferred stock on specified future dividend payment dates or following a defined Regulatory Capital Event at $25,000 per preferred share (or $25 per depositary share) plus any declared and unpaid dividends. The Preferred Stock ranks senior to common stock and on parity with Citigroup’s other preferred series as to dividends and liquidation, carries very limited voting rights, and has no maturity, conversion, or preemptive rights. Application will be made to list the depositary shares on the NYSE under the symbol “C PR I,” and net proceeds are expected to be used for general corporate purposes, including potential redemptions or repurchases of existing securities.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Medium-Term Senior Notes linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on February 2, 2029. The securities may pay a contingent coupon of at least 0.7958% per period, equivalent to an annualized rate of approximately at least 9.55%, but only if on each valuation date the worst performing index is at or above 70% of its initial value. The notes are callable in whole on specified redemption dates, in which case holders receive $1,000 per security plus any due coupon.
At maturity, if not redeemed, investors receive $1,000 per security only if the worst performing index is at or above 60% of its initial value. If it finishes below this final barrier, repayment is reduced one-for-one with the index loss, down to zero. The notes pay no dividends, are not listed, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issuer currently expects the estimated value on the pricing date to be at least $936 per $1,000 issue price, reflecting structuring and hedging costs.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering $1,000-per-security autocallable contingent coupon equity-linked securities due January 26, 2029, tied to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices. Investors can receive a contingent coupon of 2.50% per quarter (a 10.00% per annum rate) only if, on each valuation date, the worst-performing index is at or above 75.00% of its initial value; otherwise no coupon is paid.
If the notes are not called early and, on the final valuation date, the worst-performing index is at or above 75.00% of its initial value, investors receive $1,000 back per security plus any final coupon. If it is below that level, repayment is reduced in line with the index loss, potentially down to zero. The notes can be automatically redeemed on specified dates starting July 23, 2026 if the worst-performing index is at or above its initial value, in which case investors receive $1,000 plus the coupon.
The issue price is $1,000 per security, with an underwriting fee of up to $20.78 and minimum proceeds to the issuer of $979.22 per security. The estimated value on the pricing date is expected to be at least $923.00 per security. The securities will not be listed on any exchange and involve significant market, credit, liquidity and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering equity-linked securities tied to Tesla, Inc. with a stated principal amount of $1,000 per security and a scheduled maturity on July 27, 2026. Investors receive fixed coupons totaling 6.575% over the term, paid as 3.2875% of principal on April 27, 2026 and again at maturity.
At maturity, if Tesla’s final share price is at or above the final buffer value of $359.488 (80.00% of the $449.36 initial value), investors receive $1,000 per security plus the final coupon. If Tesla’s final value is below the buffer, holders receive a fixed number of Tesla shares based on an equity ratio of 2.78173, or, at the issuer’s option, the cash value of those shares, which may be significantly less than principal and could be zero in an extreme decline.
The $500,000 offering is sold at $1,000 per security with a $7.50 underwriting fee and an estimated value of $986.50. The securities are unsecured obligations of the issuer, are not listed on any exchange, involve complex risks, and carry uncertain and potentially adverse U.S. tax treatment, including possible 30% withholding on some payments for certain non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity linked securities tied to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 Index® and Russell 2000® Index, maturing on January 27, 2028.
Each security has a stated principal of $1,000 and may pay a contingent coupon of 0.9667% per period (about 11.60% per annum) only if, on the relevant valuation date, the worst performing index closes at or above its specified coupon barrier. If the worst index is below its barrier, no coupon is paid for that period.
At maturity, if the notes have not been called and the worst index is at or above its final barrier, investors receive $1,000 per security (plus any final coupon). If it is below the final barrier, repayment is reduced in line with the index loss, potentially down to zero. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon, the notes are not listed on any exchange, and the estimated value at pricing ($997.30) is below the $1,000 issue price, reflecting fees and hedging costs. The securities involve complex market, credit, liquidity, and tax risks, including possible 30% withholding for some non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Medium-Term Senior Notes linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index® and Russell 2000® Index, maturing February 9, 2028. Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 0.8125% per period (at least 9.75% per year when, on the relevant valuation date, the worst-performing index is at or above 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 60% of its initial value, investors receive $1,000 plus any final coupon; if it is below 60%, 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 due coupon, capping future income. The notes are not listed, have limited liquidity, carry full issuer and guarantor credit risk, and the estimated value on the pricing date is expected to be at least $936.50 per $1,000 issue price due to embedded costs and dealer margins.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable contingent coupon equity-linked securities tied to the EURO STOXX 50®, Nasdaq-100® and S&P 500® indexes, maturing on January 27, 2028. The notes pay a contingent coupon of 0.8917% per month (about 10.70% per year) only if, on each valuation date, the worst-performing index is at or above 70% of its initial level.
The notes can be automatically called from July 22, 2026 onward if the worst-performing index is at or above its initial level, in which case investors receive $1,000 plus the coupon and no further payments. If the notes are not called and, on the final valuation date, the worst-performing index is below 70% of its initial level, repayment of principal is reduced one-for-one with the index loss, potentially to zero.
The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on an exchange, may have limited or no liquidity, and involve complex risks, including tax uncertainty and exposure to non-U.S. markets through the EURO STOXX 50® Index.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $1,293,000 of equity index basket-linked notes due January 14, 2028. These unsecured senior notes pay no interest and do not guarantee repayment of principal. Instead, maturity value depends on an unequally weighted basket of five non-U.S. equity indices: EURO STOXX 50® (38%), TOPIX® (26%), FTSE® 100 (17%), Swiss Market Index® (11%) and S&P/ASX 200 (8%), with an initial basket level of 100.00.
Investors receive 300% of any positive basket return, capped at a maximum settlement amount of $1,388.80 per $1,000, reflecting a maximum gain of 38.88%. If the basket falls, losses are one-for-one with the decline, down to a potential total loss of principal. The payoff is based on basket levels only on the January 12, 2028 determination date.
The notes are not listed, may have limited liquidity, and are subject to the credit risk of both issuers. The estimated value on the trade date is lower than the issue price due to structuring, hedging costs and internal funding rates. The tax treatment is uncertain and described as consistent with prepaid forward contracts, with additional complexity for non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured dual directional buffer securities linked to the worst performer of the Dow Jones Industrial Average and the Russell 2000® Index, maturing on September 1, 2027. Each note has a $1,000 principal amount and pays no interest.
At maturity, if the worst performing index is at or above its initial level, investors receive $1,000 plus upside at a 120% participation rate, capped by a maximum upside return of at least $151.50 per note. If the worst performer is below its initial level but not below 85% of that level (a 15% buffer), investors earn a positive “dual directional” payoff equal to the absolute decline times the 120% participation rate. If the worst performer falls more than 15%, principal is reduced 1-for-1 beyond the buffer.
The notes will not be listed, may have limited liquidity, and all payments depend on the credit of Citigroup entities. Underwriting fees are up to $10 per note and the estimated value on the pricing date is expected to be at least $924.50, below the $1,000 issue price, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination callable contingent coupon equity-linked securities due January 29, 2029 tied to the worst performer of the Nasdaq-100 Index®, the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF (KRE).
These notes pay a contingent coupon of at least 0.7708% per month (about 9.25% per year, set on the pricing date) only if, on each valuation date, the worst performing underlying is at or above its coupon barrier. Principal is fully repaid at maturity only if the worst underlying on the final valuation date is at or above its final barrier; otherwise repayment is reduced one-for-one with that index or ETF’s loss and can fall to very low levels.
The issuer may redeem the notes early on specified dates at par plus any due coupon. The securities will not be listed on an exchange. The estimated value on the pricing date is expected to be at least $891.50 per $1,000 note, reflecting dealer pricing and hedging costs. The disclosure highlights credit risk of Citi, market and correlation risk across the three underlyings, complexity, and significant U.S. tax uncertainty, including potential 30% withholding for some non‑U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $427,000 of unsecured autocallable barrier securities linked to the worst performer of the Russell 2000 Index and the SPDR S&P Regional Banking ETF, maturing January 25, 2029.
The notes pay no interest and do not protect principal. If on January 25, 2027 the worst-performing underlying is at or above its initial level, the notes are automatically redeemed for $1,178.50 per $1,000, ending the investment early. If not called, at maturity investors receive 150% of any gain in the worst underlying; full principal back if the worst underlying is between 70% and 100% of its initial level; or a loss matching the full negative return if it finishes below 70%, which can reduce repayment to zero.
The securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on an exchange, and may have limited liquidity. The issue price is $1,000 per note, including up to $32 in underwriting fees, while the estimated value on the pricing date is $941.80.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured buffer securities linked to the worst performer of the Russell 2000® and S&P 500® indexes, each with a $1,000 stated principal amount and maturing on August 27, 2027.
The notes pay no interest and repay principal based on index performance on a single valuation date. If the worst-performing index is above its initial level, investors receive $1,000 plus 120% of its gain, capped by a maximum return at maturity of at least $192.50 per security (at least 19.25%). If the worst performer is down but not below 85% of its initial level, investors receive $1,000 back.
If the worst performer falls more than the 15% buffer, repayment is reduced dollar-for-dollar with further losses, which can result in a substantial loss of principal. The securities are not listed, may have limited liquidity, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Medium-Term Senior Notes linked to the S&P 500 Futures Excess Return Index, called Dual Directional Barrier Securities, maturing on March 4, 2030.
Each $1,000 security pays no interest. At maturity, if the index is at or above its initial level, investors receive $1,000 plus 120% of the index gain. If the index is below its initial level but at or above 60% of that level, investors get $1,000 plus the absolute value of the index loss. If the index closes below 60% of its initial level, repayment falls 1‑for‑1 with the index decline, down to possible total loss of principal.
The notes will not be listed, may have limited liquidity, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per security, including up to a $10.00 underwriting fee, while the issuer currently expects an estimated value on the pricing date of at least $913.50 per security based on internal models and funding rates.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured buffer securities linked to the S&P 500 Futures Excess Return Index, maturing on March 4, 2031. Each security has a $1,000 stated principal amount, pays no interest, and repayment of principal is not guaranteed.
At maturity, investors participate in any index gains at an upside participation rate of at least 165%, receive full principal back if index losses are within a 20% buffer, and lose 1% of principal for every 1% index decline beyond that buffer. The securities will not be listed on any exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
The issue price is $1,000 per security, including an underwriting fee of up to $11.25, and Citigroup currently expects the estimated value on the pricing date to be at least $906. The product is treated as a prepaid forward contract for U.S. federal income tax purposes, subject to uncertainty and future tax guidance.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable equity-linked securities tied to the worst performing of Apple and NVIDIA, maturing January 27, 2028. Each $1,000 security pays a quarterly coupon of 3.075% of principal, equivalent to 12.30% per annum, as long as the notes remain outstanding.
The notes may be automatically redeemed on scheduled observation dates starting April 22, 2026 if the worst performer is at or above its initial value, returning $1,000 plus the coupon. If not called, and on the valuation date the worst performer is at least 60% of its initial value, investors receive $1,000. If it is below 60%, holders receive a fixed number of shares of the worst performer (or cash equivalent) that may be worth far less than principal, potentially zero.
The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on an exchange, and have an estimated value on the pricing date of $972.30 per $1,000 issue price, reflecting embedded costs and hedging.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable buffer securities linked to the worst performer of the Nasdaq-100 Index® and the S&P 500® Index, maturing in February 2030.
Each security has a $1,000 stated principal amount, pays no interest and may be automatically redeemed in February 2027 at $1,100 per security if both indices are at or above their initial levels. If held to maturity and not called, investors participate in any gain of the worst-performing index at an 188.25% upside participation rate.
A 10% downside buffer applies: if the worst-performing index is down by 10% or less at maturity, principal is repaid; beyond that, losses are 1-for-1 with the excess decline. The securities are unlisted, subject to the credit risk of Citigroup entities, and the estimated value on the pricing date is expected to be at least $933.00 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing January 25, 2029. Each $1,000 security may pay a quarterly contingent coupon of 2.9625% (11.85% per year) only if, on the prior valuation date, the worst performing index closes at or above 70% of its initial value; otherwise no coupon is paid.
The notes can be automatically called on scheduled dates starting April 22, 2026 if the worst performing index is at or above its initial value, in which case investors receive $1,000 plus the coupon. If not called, at maturity investors get $1,000 only if the worst performing index is at or above 70% of its initial value; below that level, principal is reduced one‑for‑one with the index loss and can fall to zero.
The securities will not be listed, carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and are designed for investors who can accept potentially losing most or all of their investment. The issue price is $1,000 per security, with total offering size of $4,083,000 and per‑security estimated value of $995.60, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $1,000-denomination autocallable contingent coupon equity-linked securities tied to the worst performer of the EURO STOXX 50®, Russell 2000® and S&P 500® indices, maturing on February 27, 2030.
Investors may receive a contingent coupon of 3.80% per period (7.60% per annum) on each valuation date only if the worst-performing index is at or above 70% of its initial value; missed coupons can be paid later if the barrier is later met. The notes can be automatically redeemed on scheduled autocall dates if the worst-performing index is at or above its initial level, returning $1,000 plus the applicable coupon.
At maturity, if not called and the worst-performing index is at or above 55% of its initial value, investors receive $1,000; otherwise, repayment is reduced in line with the worst index’s loss, potentially to zero, with no coupon. The securities are not exchange-listed, the estimated value at pricing is $977.50 per $1,000, they involve complex risks and U.S. tax treatment, and non-U.S. holders may face 30% withholding on coupons.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering dual directional buffer securities linked to the worst performer of the iShares Silver Trust and the SPDR Gold Trust, maturing on February 9, 2029 with a stated principal of $1,000 per security. The notes offer 200% upside participation if the worst performing ETF ends at or above its initial value, plus a dual-direction feature that pays a positive return for declines of up to 20%. If, on the interim valuation date of February 9, 2027, the worst performer is at or above its initial value, the notes are automatically redeemed at $1,270 per security, including a 27% premium.
Below the 20% buffer, investors are exposed 1:1 to further losses in the worst performing ETF and can receive significantly less than principal at maturity. The securities are sold at $1,000 with an underwriting fee of up to $32 and expected estimated value of at least $894.50 per security, will not be listed on an exchange, and do not pay dividends or provide any rights in the underlying ETFs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination equity-linked securities tied to Alphabet Inc. (Class A), maturing on July 27, 2026. Investors receive coupons of 1.875% of principal on each payment date, equal to 7.50% per annum, with payments on April 27, 2026 and at maturity.
At maturity, if Alphabet’s closing price on July 22, 2026 is at or above the final buffer value of $264.432 (80.00% of the $330.54 initial value), investors receive back the full $1,000 principal plus the final coupon. If the final value is below the buffer, holders receive a fixed equity ratio of 3.78169 Alphabet shares per security, or equivalent cash, which will be worth less than principal and could be zero if Alphabet’s shares become worthless. The notes are unsecured obligations of Citigroup Global Markets Holdings Inc., not listed on any exchange, have an estimated value of $986.70 per security at pricing, and carry complex market, liquidity and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Callable Contingent Coupon Equity Linked Securities tied to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100 Index® and the Russell 2000® Index, maturing on December 28, 2027. Each $1,000 security pays a contingent coupon of 0.8917% per period (about 10.70% per year) only when the worst performing index on the prior valuation date is at or above 70% of its initial value. If not called and the worst performer finishes below 70% of its initial value at maturity, investors lose 1% of principal for each 1% decline, potentially losing their entire investment. The notes are not listed, are subject to Citigroup credit risk, and had an estimated value of $984.80 per $1,000 at pricing.