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 on February 2, 2029. Each security has a $1,000 stated principal amount.
The notes pay a contingent coupon of at least 1.2292% per period (about 14.75% per year, set on the pricing date) only if, on the relevant valuation date, the worst-performing index is at or above 80% of its initial value. Citigroup may redeem the notes on specified dates at $1,000 plus the applicable coupon.
If not redeemed and the worst-performing index is at or above 80% of its initial value at maturity, investors receive $1,000 plus any final coupon. If it is below that barrier, repayment is reduced 1-for-1 with the index decline, down to zero. The notes will not be listed, have an estimated initial value of at least $938 per $1,000, are subject to Citi credit risk, involve complex tax treatment and may be illiquid and highly risky.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering 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 February 4, 2031.
Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 1.1417% per period (about 13.70% per year only if, on the relevant valuation date, the worst performing index is at or above 80% of its initial value. If that condition is not met, no coupon is paid for that period.
At maturity, if the notes have not been called 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 80%, repayment is reduced one‑for‑one with the index loss, potentially down to zero. 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 estimated value on the pricing date of at least $935.50 per $1,000, and involve significant market, liquidity, credit and tax risks.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering floating rate notes due January 20, 2066, in $1,000 denominations. The notes pay interest each January, April, July and October, starting April 20, 2026, at a rate equal to daily compounded SOFR for the observation period plus a 0.10% spread, with a 0.00% minimum annual rate.
Holders may request early repurchase on scheduled repurchase dates from January 20, 2029, in minimum $10,000 amounts, receiving $970 per $1,000 note through January 20, 2030, $980 from 2031 to 2033, $990 from 2034 to 2036, and $1,000 from 2037 to maturity, plus accrued interest. The notes will not be listed on any exchange, may have limited liquidity, and are subject to risks related to SOFR methodology changes, possible benchmark replacement and issuer hedging activity. Net proceeds will be used for general corporate purposes and related hedging.
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®, Russell 2000® Index and S&P 500® Index, maturing on January 20, 2028. Each $1,000 security may pay a 0.80% coupon per period (9.60% per annum) only if, on the relevant valuation date, the worst-performing index closes at or above its coupon barrier, set at 70% of its initial level.
If the note is not called and, on the final valuation date, the worst-performing index is at or above its final barrier (65% of its initial level), investors receive $1,000 per security plus any final coupon. If it is below that barrier, principal is reduced one-for-one with the index loss, potentially to zero. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The notes are not listed, carry Citigroup credit risk, and had an estimated value at pricing of $984.70 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term senior notes that are callable contingent coupon equity-linked securities due February 1, 2029. The notes are tied to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index.
Each $1,000 security pays a contingent coupon of at least 0.8875% per period (at least 10.65% per year) only if, on the relevant valuation date, the worst-performing index is at or above 70% of its initial value. At maturity, if not called, investors receive $1,000 per security only if the worst index is at or above 60% of its initial value; otherwise the payoff is reduced in line with that index’s loss, and can be zero.
Citi may redeem the notes early on specified dates at $1,000 plus any due coupon, capping future income. The securities are not listed, may have limited liquidity, carry the credit risk of Citi entities, have an estimated value on the pricing date below the $1,000 issue price, and involve complex tax and market risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $2,623,000 of buffered equity index basket-linked notes due November 19, 2027. Each $1,000 note pays no interest and its payoff 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%).
The initial basket level is 100.00. At maturity, investors receive $1,000 plus 230% of any positive basket return, capped at a maximum settlement amount of $1,250.24 (a 25.024% maximum gain). If the basket falls by up to the 15% buffer (to 85.00), principal is repaid. Below that, investors lose about 1.1765% of principal for every 1% decline beyond the 15% buffer and could lose their entire investment.
The notes are unsecured senior debt subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed, and may have little or no secondary market. The estimated value on the trade date is $994.50 per $1,000 note, below the issue price, reflecting structuring, distribution and hedging costs. The tax treatment is uncertain and described as more likely than not to be a prepaid forward contract.
Citigroup Inc. is offering unsecured callable fixed rate notes maturing on January 20, 2038, with a stated principal of $1,000 per note. The notes pay a fixed interest rate of 5.05% per year, with interest paid semi-annually on January 20 and July 20, starting July 20, 2026, using a 30/360 day count convention.
Beginning on January 20, 2028, Citigroup may redeem the notes in whole at 100% of principal plus accrued interest on quarterly redemption dates (January 20, April 20, July 20 and October 20). The notes will not be listed on any securities exchange. They are intended to qualify as TLAC-eligible debt, meaning in a Citigroup bankruptcy losses would be borne by shareholders and unsecured creditors, including these noteholders.
A wholly owned Citigroup subsidiary may assume the obligations on at least 15 business days’ notice, with Citigroup guaranteeing payments, which can affect default rights. Issue price is generally $1,000 per note, with certain investors paying between $983 and $1,000, and CGMI receiving up to $17 per note in underwriting fees. The notes involve hedging by Citigroup affiliates, are subject to specific tax treatment, and carry selling restrictions in Canada, the EEA and the U.K.
Citigroup Inc. is offering callable fixed rate notes due January 20, 2033, with a stated principal amount of $1,000 per note and a fixed annual interest rate of 4.60%. Interest is paid semi-annually on January 20 and July 20, starting July 20, 2026, using a 30/360 day-count convention.
Beginning July 20, 2027, Citigroup may redeem the notes in whole at 100% of principal plus accrued interest on quarterly redemption dates in January, April, July and October. The notes are intended to qualify as eligible debt securities under the Federal Reserve’s TLAC rule, meaning losses in a Citigroup bankruptcy would be borne by shareholders first and then unsecured creditors, including these noteholders.
The notes will not be listed on any securities exchange and are underwritten by Citigroup Global Markets Inc., which may receive an underwriting fee of up to $12.00 per note. For about four months after issuance, secondary prices shown by Citigroup affiliates will include a temporary upward adjustment reflecting expected hedging profit. The net proceeds will be used for general corporate purposes and related hedging.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable equity-linked notes tied to the worst performer of the EURO STOXX 50® Index, Nasdaq-100 Index® and Russell 2000® Index, maturing July 23, 2027. The notes pay monthly coupons of at least 1.0417% of the $1,000 principal (about 12.50% per year), but can be redeemed early at the issuer’s option on monthly dates from May 2026 to June 2027 at $1,000 plus the coupon.
If not called, principal repayment depends on a knock-in barrier at 70% of each index’s initial value. At maturity, investors receive $1,000 per note if the worst performing index is at or above its initial level, or if it is below but no knock-in event occurred. If a knock-in event occurs and the worst index ends below its initial level, repayment is $1,000 plus $1,000 times that index’s return, which can reduce principal to zero. The notes are unsecured, subject to Citigroup credit risk, not listed on any exchange, and have an estimated value on the pricing date expected to be at least $939 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing callable contingent coupon equity-linked securities tied to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing January 19, 2029. Each $1,000 security may pay a monthly contingent coupon of 1.0167% (about 12.20% per year) only if, on the prior valuation date, the worst index is at or above 80% of its initial value.
If the notes are not called and, on the final valuation date, the worst index is at or above 70% of its initial value, investors receive $1,000 per security (plus any final coupon). If it is below 70%, principal is reduced one-for-one with the index loss, potentially to zero. Citigroup may redeem the notes early at $1,000 plus any due coupon, the notes are not exchange-listed, and investors bear the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value at pricing is $982.40 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured "Buffer Securities" linked to Microsoft Corporation stock, maturing on April 19, 2027. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if Microsoft’s final share price is above the initial value of $459.38, you receive $1,000 plus the stock’s gain at a 100% participation rate, but capped by a maximum return of $121 per security (12.10%). If the stock is flat or down but no lower than 75% of the initial value (the buffer level of $344.535), you receive back $1,000. If it falls below the buffer level, you lose 1% of principal for each 1% drop beyond the 25% buffer.
The notes are not listed on any exchange and may have limited or no liquidity. They are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000, while the estimated value on the pricing date is $978.10 per security, reflecting structuring, distribution and hedging costs. Investors also forgo Microsoft dividends and face complex, uncertain U.S. tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured buffer securities linked to Advanced Micro Devices, Inc. that mature on April 19, 2027. Each security has a $1,000 stated principal amount, no interest payments and a payoff tied to AMD’s stock price on a single valuation date, April 14, 2027.
If AMD’s final value is above the initial value of $223.60, investors receive $1,000 plus 100% of the stock’s gain, capped by a maximum return at maturity of $411.00 per security (41.10%). If AMD falls but stays at or above 75% of the initial value (the final buffer value of $167.70), investors receive only the $1,000 principal. Below that buffer, principal is reduced 1% for each 1% additional decline.
The securities will not be listed on an exchange, may have little or no liquidity, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The total offering is $318,000, with an estimated value on the pricing date of $981.10 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs. U.S. tax counsel currently views the securities as prepaid forward contracts, but notes that tax treatment is uncertain and may change.
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 with a $1,000 stated principal amount and maturing in December 2027. The notes pay a contingent coupon of 0.85% per month (10.20% per year) only if, on each valuation date, the worst-performing index is at or above 60% of its initial level; otherwise no coupon is paid.
Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. If the notes are not redeemed and no knock-in event occurs, investors receive $1,000 at maturity even if the worst index is below its initial level, provided it stays at or above 60% of its initial level throughout. If a knock-in event occurs and the worst index finishes below its initial level, repayment is reduced one-for-one with that index’s loss, potentially to zero. The securities are not listed, carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and have an estimated value of $984.40 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering 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 19, 2029.
Each $1,000 security pays a monthly contingent coupon of 0.7083% (about 8.50% per annum) only if the worst-performing index on the prior valuation date is at or above 70% of its initial level. Missed coupons can be paid later if the barrier is met, but may be lost entirely if it is not met again.
At maturity, if not called and the worst index is at or above 60% of its initial level, investors receive $1,000 per security; if it is below 60%, repayment is reduced one-for-one with the index loss, down to zero. The notes are callable at Citigroup’s option on specified dates at $1,000 plus any due coupon, are unsecured, not listed, and carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 with an estimated value of $983.30 and a total offering size of $2,988,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured buffer securities linked to Astera Labs, Inc. stock, with a $1,000 stated principal amount per note and a total offering size of $375,000. These notes pay no interest and repay at maturity based on Astera Labs’ share performance from the $172.14 initial value to the final value on April 14, 2027.
Investors receive 1‑to‑1 upside participation up to a maximum return of $478.50 per note (47.85%). Principal is protected as long as Astera Labs does not fall below 60% of the initial value, reflecting a 40% buffer. If the stock declines more than 40%, repayment is reduced dollar‑for‑dollar beyond that level. The estimated value on the pricing date is $962.50 per note, below the issue price, the notes will not be listed on an exchange, and all payments are subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk.
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®, the Russell 2000® Index and the S&P 500® Index, maturing January 20, 2028.
The notes pay a contingent coupon of 0.7125% of the $1,000 principal (8.55% per annum) on each scheduled date only if the worst-performing index is at or above 70.00% of its initial value; otherwise no coupon is paid. If not called and held to maturity, investors receive $1,000 per note only if the worst index is at or above 60.00% of its initial value, with losses matching any decline below that level down to a possible zero return. The issuer may redeem the notes early at par plus any due coupon, the securities will not be listed, the total offering is $666,000.00, and the estimated value at pricing is $981.00 per $1,000 note, reflecting embedded costs and hedging.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked senior notes due December 28, 2027, tied to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index.
Investors receive a contingent coupon of at least 0.8917% per quarter (about 10.70% per year) only if the worst-performing index on each valuation date is at or above 70% of its initial level. At maturity, if the worst index is at or above 70% of its initial value, investors receive the $1,000 principal; otherwise, repayment is reduced one-for-one with the index loss and can fall to zero.
The issuer may redeem the notes early on specified dates by paying $1,000 plus any due coupon. The notes are unsecured, not listed, have limited liquidity, an estimated initial value of at least $937 per $1,000, and involve significant market, credit, liquidity and tax risks highlighted in the risk factors.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured autocallable contingent coupon equity-linked securities tied to the worst performer of GE Vernova Inc. and Super Micro Computer, Inc., maturing on January 20, 2028. The notes offer a contingent coupon of 2.0833% of principal on each observation date (about 25% per year) only if the worst-performing stock is at or above 60% of its initial value.
The notes can be automatically called on scheduled dates if the worst performer is at or above 90% of its initial value, paying $1,000 plus any due coupons. If not called and the worst performer finishes below 60% of its initial value, investors receive shares (or cash) of that stock based on a fixed equity ratio, which may be worth far less than principal and could be zero. The securities are not listed, 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 note, total offering $625,000, with an estimated value of $952 per note.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured structured notes linked to the worst-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing January 19, 2029. Each security has a $1,000 principal amount and may pay a 0.80% contingent coupon per month (equivalent to 9.60% 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 65% of its initial level, investors receive $1,000 back (plus any final coupon). If it is below 65%, repayment is reduced one-for-one with the index loss, down to possible zero return of principal and no final coupon.
Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon, capping future income. The notes are not listed, may have limited liquidity, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is $981.40 per note, less than the $1,000 issue price, reflecting structuring and hedging costs. U.S. tax treatment is complex and uncertain, and non-U.S. holders may face 30% withholding on coupons.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering buffered Russell 2000® Index-linked notes that pay no interest and do not guarantee return of principal. The notes’ maturity is expected 14–16 months after the trade date and repayment depends entirely on Russell 2000® performance.
For each $1,000 note, investors get 200% upside exposure to the index, but only up to a cap, with a maximum settlement amount expected between $1,177.80 and $1,208.60. A 7.50% buffer applies: if the index falls by up to 7.50%, investors receive full principal; beyond that, they lose about 1.0811% of principal for every additional 1% decline, and could lose their entire investment.
The notes are unsecured senior debt subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed, and may have limited or no liquidity. The estimated value on the trade date is expected between $969.30 and $989.30 per $1,000, below issue price, and the U.S. federal tax treatment is uncertain, with counsel currently viewing the notes as prepaid forward contracts.
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 and the S&P 500 Index, maturing on January 27, 2028.
Each $1,000 security may pay a monthly contingent coupon of at least 0.7917% (about 9.50% per annum) only if the worst-performing underlying on the prior valuation date is at or above 70% of its initial value. The notes have a 35% downside buffer, with principal losses beginning if the worst-performing underlying finishes below 65% of its initial value, potentially leading to substantial loss of principal. The notes are automatically called, returning $1,000 plus coupon, if on specified autocall dates the worst performer is at or above its initial value. They are not listed, carry Citigroup credit risk, and have an estimated value on the pricing date of at least $908.50 per $1,000, versus a $1,000 issue price and up to $27.50 underwriting fee per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured, equity-linked notes tied to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indexes, maturing in January 2029. The securities can pay contingent coupons at an annualized rate of at least 9.15% if, on scheduled valuation dates, the worst-performing index stays at or above 70% of its initial level; missed coupons can be later repaid if the barrier is subsequently met. Principal repayment is also contingent: if at maturity the worst-performing index is below 70% of its initial value, repayment is reduced one-for-one with the index loss and can fall to zero. Citigroup may call the notes on specified dates, paying $1,000 per note plus any due coupon, and the notes will not be listed, so liquidity may be limited. The estimated value on the pricing date is expected to be at least $932.50 per $1,000, reflecting structuring, hedging costs and dealer compensation.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term notes that pay contingent coupons of at least 1.1417% per period, equivalent to an annual rate of approximately at least 13.70%, when conditions are met. Payments depend on the worst performer among the EURO STOXX 50®, Nasdaq-100 Index® and Russell 2000® Index.
A coupon is paid only if, on the relevant valuation date, the worst-performing index closes at or above 65% of its initial value. The notes are exposed to a knock-in feature: if any index ever closes below 70% of its initial value during the observation period and the worst-performing index finishes below its initial level at maturity, investors lose principal in line with that decline and could receive as little as zero.
The issuer may redeem the notes early on specified dates at $1,000 per security plus any due coupon, capping future income. The estimated value on the pricing date is expected to be at least $936 per $1,000 security, below issue price, and the notes will not be listed, so liquidity may be limited.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering long-dated autocallable securities linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, a highly complex and leveraged equity futures index. Each note has a $1,000 stated principal amount, pays no interest and is subject to full issuer and guarantor credit risk.
The notes may be automatically redeemed on scheduled valuation dates if the index closes at or above its initial level, paying $1,000 plus a fixed premium that starts at 20.30% of principal in 2027 and can reach 203.00% by the final valuation date in 2036. If not called and the final index level is at least 60% of the initial level, investors receive $1,000 plus the final premium; if it is below 60%, repayment drops 1% for every 1% index decline, down to zero.
The underlying index can use leverage up to 500%, includes a 6% per annum decrement, and is expected to underperform the S&P 500 Index. The notes are not listed, may have limited liquidity, and their estimated value on the pricing date is expected to be at least $850 per $1,000 issue price. U.S. tax treatment is uncertain and may differ from prepaid forward treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured, long-dated autocallable notes linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, due February 4, 2036. Each security has a $1,000 stated principal amount and pays no interest.
The notes can be automatically redeemed on scheduled valuation dates starting in 2027 if the index closes at or above its initial level, returning $1,000 plus a fixed premium that starts at 22.20% of principal and steps up over time to 222.00% on the final valuation date. If not called, at maturity investors receive $1,000 plus the final-date premium if the index is at or above its initial level, $1,000 if it is between the initial level and a 50% final barrier, and a loss matching the index decline (on a 1-to-1 basis) below the barrier, potentially losing their entire investment.
The underlying index is complex and risky: it uses up to 500% leverage to S&P 500 futures, includes an implicit financing cost, and applies a 6% per annum decrement, all of which can significantly drag performance. The notes 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 estimated value on the pricing date is expected to be at least $878.50 per $1,000 note, below the issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities tied to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, maturing in 2036 unless called earlier. These unsecured notes target a contingent coupon of at least 10.80% per year, paid quarterly only when the index closes at or above 50% of its initial level on the relevant valuation date.
The notes can be automatically called on scheduled dates starting in 2027 if the index is at or above its initial level, returning principal plus the applicable coupon but ending future payments. If not called and the final index level is at least 50% of the initial, investors receive full principal back; if it is lower, repayment is reduced one-for-one with the index decline and can fall to zero.
The underlying index is complex and risky: it uses up to 500% leveraged exposure to S&P 500 futures, a 35% volatility target, and a 6% annual decrement, and is expected to underperform the S&P 500 Index. The securities are not listed, may have limited liquidity, are subject to the credit risk of Citigroup entities, include significant structural and tax uncertainties, and have an estimated value on the pricing date expected to be below the $1,000 issue price.
Citigroup Global Markets Holdings Inc. is offering $1,000 autocallable buffered notes linked to Oracle Corporation common stock, fully and unconditionally guaranteed by Citigroup Inc. The notes may be automatically redeemed on January 27, 2027 if Oracle’s closing price is at or above the initial share price of $193.61, paying $1,284 per note (a 28.40% premium). If held to the final valuation date in 2028 with Oracle at or above the initial price, investors receive $1,000 plus the greater of a 56.80% premium or 125% of Oracle’s price gain. A 20% downside buffer applies: principal is fully returned if the final price is at or above $154.888, but losses increase at a 1.25x rate below that level. The notes pay no dividends, are not exchange‑listed, and have an estimated value on the pricing date of at least $920.50 per $1,000, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities tied to Advanced Micro Devices, Inc. (AMD), each with a stated principal of $1,000 and maturing in January 2029.
The notes may pay a contingent coupon of at least 13.15% per year, paid quarterly, but only if AMD’s closing price on each valuation date is at or above a barrier set at 60.00% of its initial value; missed coupons can be paid later if the barrier is met. The notes can be automatically called on specified dates if AMD is at or above its initial level, returning $1,000 plus the applicable coupon.
If the notes are not called and AMD’s final value is below the final barrier, repayment of principal is reduced one-for-one with AMD’s decline and can fall to zero. The securities are unsecured, not listed on an exchange, carry Citigroup credit risk, and have an estimated initial value of at least $885.50 per $1,000 issue price after a $40.00 underwriting fee.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Russell 2000® Index and the S&P 500® Index, maturing July 21, 2027.
Each $1,000 security can pay a 0.75% monthly contingent coupon (9.00% per annum) if, on the relevant valuation date, the worst performing index is at or above 65.00% of its initial level. If it is below that coupon barrier, no coupon is paid for that period.
At maturity, if not called and the worst index is at or above 65.00% of its initial level, investors receive $1,000 per security plus any final coupon. If it is below 65.00%, repayment is reduced one-for-one with the index loss, potentially to zero. The issuer may redeem the notes early at $1,000 plus coupon on specified dates. The notes are not exchange-listed, have an estimated value on the pricing date expected to be at least $940.50 per $1,000, and involve complex U.S. tax and potential 30% withholding issues for non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering market-linked securities tied to shares of the SPDR® Gold Trust (GLD), each with a $1,000 stated principal amount and maturing in January 2027. The initial share price is $421.63, with a knock-out barrier at 144.50% of that level and a threshold price at 105.00%.
At maturity, investors receive $1,000 plus a knock-out premium of at least $30 per security if the GLD final price is at or above the knock-out barrier. If the final price is below the barrier, the payoff is $1,000 plus the share threshold return, subject to a minimum payment of $950 (95% of principal), so losses are capped at $50 per security. The structure only participates in gains above the threshold price, so it can underperform a direct GLD investment.
The securities will not be listed on any exchange. The issue price is $1,000, including a $10 underwriting fee, with $990 in proceeds to the issuer. Citigroup estimates the value on the pricing date will be at least $932.50 per security, based on proprietary models, and describes these notes as higher risk than conventional debt, with complex payoff and tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering 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 July 28, 2027.
Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 0.8958% per period (about 10.75% per year) only if, on the prior valuation date, the worst-performing index is at or above its coupon barrier, set at 70% of its initial value. If this condition is not met, no coupon is paid for that period.
At maturity, if the notes are not redeemed and the worst-performing index is at or above its 70% final barrier, investors receive $1,000 plus any final coupon. If it is below that barrier, the payoff is $1,000 plus $1,000 times the index return, so losses match the decline in the worst index and can reach a total loss of principal. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon.
The securities are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on an exchange, and have limited liquidity. The estimated value on the pricing date is expected to be at least $937 per $1,000 note, below the issue price, reflecting fees, hedging costs and Citigroup’s internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, each with a $1,000 stated principal amount and maturing on January 31, 2028.
The notes may pay a contingent coupon of at least 0.9292% per period (about 11.15% per annum) on each observation date, but only if the worst-performing index on that date is at or above 75% of its initial value; otherwise no coupon is paid. At maturity, if not previously called, investors receive full principal back only if the worst-performing index is at or above 70% of its initial value, otherwise repayment is reduced one-for-one with the index loss and can fall to zero.
The issuer can redeem the notes early on specified dates at $1,000 plus any due coupon, capping future income. 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 liquidity, and carry complex market, correlation, valuation and tax risks highlighted in the detailed risk factors.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to Amazon.com, Inc. stock and maturing in November 2027. The notes pay a contingent coupon of at least 0.75% per period (at least 9.00% per year) only when Amazon’s closing value on a valuation date is at or above 65% of its initial value; otherwise no coupon is paid.
Beginning July 28, 2026, the notes are automatically called if Amazon is at or above its initial value, returning principal plus the due coupon and ending further payments. If not called, and Amazon is at or above 65% of its initial value on the final valuation date, investors receive full principal back, plus any final coupon. If Amazon finishes below 65%, investors receive Amazon shares (or cash) worth less than principal and potentially zero.
The securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, and may have limited or no liquidity. The estimated value on the pricing date is expected to be at least $917 per $1,000 note, reflecting selling, structuring and hedging costs. The tax treatment is uncertain, and non‑U.S. holders may face 30% withholding on coupons.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Trigger Autocallable Contingent Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500 Index. The notes have a three-year term, a $10.00 stated principal amount and pay an 8.20% per annum contingent coupon (about $0.205 per quarter) only when the least performing index on a valuation date is at or above 70% of its initial level.
Starting April 14, 2026, the notes are automatically called on any quarterly valuation date if the least performing index is at or above its initial level, returning principal plus that quarter’s coupon. If the notes are not called and, on the final valuation date, the least performing index is at or above 70% of its initial level, holders receive $10.00 plus the final coupon. If it is below 70%, repayment is reduced in proportion to the index loss, up to a complete loss of principal. The issue price is $10.00 per note versus an estimated value of $9.677, on a total offering size of $5,500,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured S&P 500®-linked autocallable barrier securities due February 1, 2029. Each security has a $1,000 stated principal amount and pays no interest.
The notes may be automatically redeemed on January 27, 2027 if the S&P 500® closing value is at or above its initial level, paying $1,100 per security (principal plus a 10% premium). If not redeemed, at maturity investors receive: (i) $1,000 plus leveraged upside at an upside participation rate of at least 118% if the index ends above its initial level; (ii) $1,000 if the index is at or below its initial level but at or above 70% of that level; or (iii) $1,000 plus index return if the index finishes below 70% of its initial level, which can result in a substantial or total loss of principal.
The notes are not listed, may have limited liquidity, 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 $928 per security, below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performer of the Russell 2000 Index and the S&P 500 Index. Each security has a stated principal of $1,000 and a one-year term, with a pricing date on January 22, 2026 and maturity on January 27, 2027, unless called earlier.
The notes pay a contingent coupon of at least 10.00% per annum (at least $25 per quarter on $1,000) only if, on the relevant valuation date, the worst-performing index is at or above 70% of its initial level. On scheduled autocall dates, if the worst index is at or above its initial level, the notes are redeemed early at $1,000 plus the coupon.
If not called, principal repayment depends on the worst index. Full principal is returned if the worst index is at or above its initial level at final valuation, or above 70% and no knock-in has occurred. If any index ever falls below 70% during the observation period and finishes below its initial level, repayment falls one-for-one with that decline, down to zero. The estimated value on the pricing date is expected to be at least $936 per security, below the issue price, and the notes will not be listed, so liquidity may be limited.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000 autocallable contingent coupon equity-linked notes tied to the worst performing of the Russell 2000 Index and the S&P 500 Index, maturing January 27, 2027. The notes pay a quarterly contingent coupon of at least 1.9375% (at least 7.75% per year) only if, on the relevant valuation date, the worst performing index is at or above 60% of its initial level.
The notes can be automatically redeemed on scheduled dates starting April 22, 2026 if the worst performing index is at or above its initial level, returning $1,000 plus the coupon. If not called and a “knock-in event” occurs (any index closes below 60% of its initial level on any day in the observation period) and the worst index finishes below its initial level at maturity, principal is reduced one-for-one with that index’s loss, potentially to zero.
The securities are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed, and are expected to have an estimated value on the pricing date of at least $937.50 per note, below the $1,000 issue price. The document highlights significant market, correlation, liquidity and tax risks, including possible 30% withholding on coupons for certain non-U.S. investors.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term senior notes that are equity-linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing in January 2029.
Each $1,000 security may pay a contingent coupon of at least 11.75% per year, credited on scheduled dates only if, on every trading day in the observation period, all three indices stay at or above 70% of their initial values. Citigroup may call the notes in whole on designated coupon dates, paying $1,000 plus any due coupon.
If the notes are not called, at maturity investors receive $1,000 per security only if the worst-performing index is at least 60% of its initial level. Otherwise, the payoff is reduced dollar-for-dollar with the loss on that worst index, potentially down to zero. The notes are not listed, carry the credit risk of both issuers, have an estimated value of at least $941.00 per $1,000 at pricing, and involve complex market, liquidity and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering contingent income auto-callable securities linked to the common stock of RH. Each note has a $1,000 principal and can pay a quarterly contingent coupon of at least 4.8125% of principal (at least 19.25% per year) if RH’s closing price on the valuation date is at least 50.00% of the initial share price, the downside threshold. Missed coupons can be paid later if RH recovers above the threshold.
If on any quarterly potential redemption date RH closes at or above the initial share price, the notes are automatically redeemed for $1,000 plus the applicable coupon, ending future payments. If not redeemed early and RH is at or above the downside threshold at maturity, investors receive $1,000 plus the final coupon. If RH finishes below the downside threshold, repayment equals $1,000 plus $1,000 times the share return, so principal loss is 1‑for‑1 with RH’s decline and can reach 100%, with no coupon at maturity.
The notes are not listed, have an estimated value on the pricing date of at least $911.50 per $1,000 note, and embed underwriting, selling and structuring fees. U.S. tax treatment is uncertain, and non‑U.S. holders may face 30% withholding on coupons.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured market-linked securities tied to the SPDR® Gold Trust, each with a $1,000 stated principal amount and maturing on February 2, 2027. At maturity, holders receive $1,000 plus a leveraged gain if the ETF rises, with a 125% upside participation rate, but the total gain is capped at a maximum return of $162.40 per security (16.24%). If the SPDR Gold Trust falls, investors participate 1-for-1 in losses, but losses are limited to a maximum loss of $100 per security (10%), so the minimum maturity payment is $900 per security.
The issue price is $1,000 per security, including a $10 underwriting fee, with the issuer expecting an estimated value on the pricing date of at least $934 based on internal models. The notes will not be listed on any exchange, may be hard to sell before maturity, and pay no dividends from the underlying. The product carries the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and is treated as a short‑term debt instrument for U.S. federal income tax purposes, with potentially complex original issue discount and Section 871(m) considerations.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable structured notes linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, maturing in February 2034. The notes pay no interest and may be automatically redeemed on scheduled valuation dates if the index is at or above 90% of its initial level, returning $1,000 plus a fixed premium that steps up over time to 122% of principal on the final valuation date.
If the notes are not called, at maturity investors receive $1,000 plus the final premium if the index is at or above the autocall barrier, $1,000 if the index is between 50% and 90% of its initial level, and a loss matching the index decline if it finishes below 50%, potentially losing their entire investment. The underlying index is highly complex and risky, using up to 500% leveraged exposure to S&P 500 futures, a 40% volatility target, and a 6% annual decrement that drags performance. The notes are unsecured, subject to Citi credit risk, will not be listed, may have limited liquidity, and have an estimated value on pricing of at least $850.50 per $1,000, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to NVIDIA Corporation. Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 1.3458% per period (about 16.15% per year) if NVIDIA’s closing value on the relevant valuation date is at or above a coupon barrier set at 70% of the initial value. If on specified autocall dates NVIDIA’s value is at or above its initial value, the notes are automatically redeemed for $1,000 plus the coupon, ending future payments.
If the notes are not called and NVIDIA’s final value is below a final barrier set at 60% of the initial value, investors lose 1% of principal for every 1% decline from the initial value and can lose their entire investment. The securities do not pay dividends, are not listed on an exchange, 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 is expected to be at least $929 per security, below the $1,000 issue price, reflecting structuring and distribution costs and dealer profit.
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 Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing on February 1, 2029.
The notes pay a contingent coupon of at least 0.8125% of the $1,000 principal per period (at least 9.75% per annum) only if, on the prior valuation date, the worst-performing index is at or above 70% of its initial level. If the worst-performing index is below this coupon barrier, no coupon is paid for that period.
Beginning July 28, 2026, on specified potential autocall dates, if the worst-performing index is at or above its initial level, the notes are automatically redeemed for $1,000 plus the coupon, ending further payments. If not called, at maturity investors receive $1,000 if the worst-performing index is at or above 70% of its initial level; otherwise they receive $1,000 plus $1,000 times that index’s return, which can reduce repayment to zero.
The securities are not listed, may have limited or no liquidity, 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, with an estimated value of at least $935, an underwriting fee of up to $7.50 per security and up to $1.50 per security payable to electronic platform providers. The filing highlights significant market, structural, valuation and tax risks, including the possibility of losing the entire investment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Russell 2000® Index and the S&P 500® Index, scheduled to mature on July 21, 2027.
The notes pay a contingent coupon of 0.75% per month (equivalent to 9.00% per year) only if, on each valuation date, the worst‑performing index is at or above 65.00% of its initial value. If that condition is not met, no coupon is paid for that period.
At maturity, if not previously called and the worst index is at or above 65.00% of its initial value, investors receive the full $1,000 principal per note; if it is below that barrier, repayment is reduced one‑for‑one with the index decline, down to a possible total loss. The issuer can redeem the notes early at par plus any due coupon on specified dates, the securities will not be listed, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The preliminary estimated value is expected to be at least $940.50 per $1,000 face amount.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering principal-at-risk contingent income callable securities due January 2028 linked to the worst-performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. The notes have a $1,000 stated principal amount and pay a quarterly contingent coupon of at least 2.025% of principal (at least 8.10% per annum), but only if none of the indices closes below 65% of its initial level on any trading day in the observation period.
Citigroup may redeem the notes in whole on quarterly dates starting about three months after issuance for $1,000 plus any due coupon, ending all future payments. If the notes are not called and the worst-performing index finishes at or above 65% of its initial level, investors receive $1,000 back at maturity (plus any final coupon). If it finishes below 65%, repayment is reduced 1-for-1 with the index decline and can fall to zero. The estimated value on the pricing date is expected to be at least $912.50 per $1,000 note, and the notes will not be listed on an exchange.
Citigroup Inc. is offering medium-term senior notes that pay fixed interest and can be redeemed early by the issuer. Each note has a stated principal amount of $1,000, a fixed annual interest rate of 4.00%, and pays interest semi-annually on January 26 and July 26, starting July 26, 2026, using a 30/360 day-count convention.
The notes mature on January 26, 2029, when investors are scheduled to receive $1,000 per note plus any accrued interest, unless the notes are called earlier. Beginning January 26, 2028, Citigroup may redeem all of the notes on specified quarterly redemption dates at 100% of principal plus accrued interest. The notes are senior unsecured debt intended to qualify as TLAC, are not bank deposits, are not insured by the FDIC or any government agency, and will not be listed on any securities exchange.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering 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 December 29, 2027. Each $1,000 security may pay a contingent coupon of at least 0.7292% per period (about 8.75% per year, set on the pricing date) only if, on the relevant valuation date, the worst performing index is at or above 70% of its initial level. If the worst index is below this coupon barrier on a valuation date, no coupon is paid for that period.
The issuer may redeem the notes early on specified dates at $1,000 per security plus any due coupon. If the notes are not called, and on the final valuation date the worst index is at or above 70% of its initial level, investors receive $1,000 plus the final coupon. If the worst index is below 70%, the maturity payment equals $1,000 plus $1,000 times the worst index return, so losses occur one-for-one with the decline and investors can lose their entire principal and all coupons. The notes are unsecured, subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, will not be listed on an exchange and may have limited or no liquidity.
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 Nasdaq‑100 Index®, Russell 2000® Index and S&P 500® Index, each with a $1,000 stated principal amount and maturing January 19, 2029, unless called earlier.
The notes pay a contingent coupon of 2.8125% per quarter (annualized 11.25%) only if, on each valuation date, the worst performing index is at or above 70% of its initial level; otherwise no coupon is paid. If on any potential autocall date the worst performing index is at or above its initial level, the notes are automatically redeemed at $1,000 plus the coupon.
At maturity, if not called, investors receive $1,000 only if the worst performing index is at or above 70% of its initial level; otherwise repayment is reduced one‑for‑one with the index decline and can fall to zero, meaning loss of the entire investment. The notes are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, have limited liquidity, an estimated value on the pricing date expected to be at least $940.50 per note, and involve complex market and U.S. tax risks highlighted in extensive risk factor disclosures.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices.
The notes have a $1,000 stated principal amount per security, are scheduled to mature in January 2029, and may pay contingent coupons of at least 11.25% per annum, paid quarterly, but only when the worst-performing index on a valuation date is at or above 70% of its initial level.
If the notes are not called early and, at maturity, the worst-performing index is at or above 70% of its initial level, investors receive $1,000 plus any final coupon; if it is below 70%, repayment is reduced one-for-one with that index’s loss and can fall to zero. The securities are unsecured senior obligations, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, can be redeemed early on specified dates, and have an estimated initial value below the issue price due to selling, structuring and hedging costs.
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 Nasdaq-100, Russell 2000 and S&P 500 indices, each with a $1,000 stated principal amount and maturing in January 2029.
The notes pay a contingent coupon of at least 0.9375% per period (at least 11.25% per year) only if, on the relevant valuation date, the worst-performing index is at or above 70% of its initial level; otherwise no coupon is paid. Beginning in July 2026, the notes are automatically called if on an autocall date the worst-performing index is at or above its initial level, in which case investors receive $1,000 plus the applicable coupon and the investment ends early.
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 decline, potentially down to zero. The securities are not listed, may have limited liquidity, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is expected to be at least $927.50 per $1,000 note, below the issue price, reflecting selling, structuring and hedging costs.