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 autocallable contingent coupon equity-linked securities tied to the worst performer of the Dow Jones Industrial Average and the Russell 2000 Index, maturing in January 2029. Each $1,000 security may pay a quarterly contingent coupon of 2.025% (equivalent to 8.10% per annum) only if, on the relevant valuation date, the worst performing index is at or above 70% of its initial level. The notes can be automatically called on specified dates if the worst performer is at or above its initial level, returning $1,000 plus the coupon. If not called and the worst performer finishes below 70% of its initial level at maturity, repayment is reduced one-for-one with the index loss, down to zero. The notes are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on an exchange, and are expected to have an initial estimated value of at least $932 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering fixed-to-floating rate notes linked to SOFR maturing on February 5, 2027. Each note has a stated principal of $1,000, with full principal due at maturity and interest paid quarterly.
From issuance to April 6, 2026, the notes pay a fixed annual rate of 4.12% (about 1.041% for the first, short period). After that, interest floats at daily compounded SOFR + 0.15%, subject to a floor of 0.00% and a cap of 4.12% per year, using an Actual/360 day count. SOFR was 3.87% on December 31, 2025.
The notes will not be listed on any exchange and may have limited or no liquidity. Citibank, N.A. acts as calculation agent and paying agent, and Citigroup and its affiliates may hedge and earn fees of up to $0.30 per note. The documents highlight risks related to SOFR methodology changes, potential benchmark replacements, market value, and the lack of an active secondary market.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000 denomination autocallable market-linked notes tied to the S&P 500 Futures 35% Intraday Edge Volatility TCA 6% Decrement Index (SPXI3EV6), maturing in 2031.
The notes can be automatically redeemed on set annual valuation dates if the index closes at or above a preset threshold, paying $1,000 plus a fixed premium of at least 14%, rising in steps up to 70% by the final valuation date. If never called, holders receive $1,000 at maturity, with no additional return unless the final index value reaches the last threshold. The estimated value on the pricing date is expected to be at least $909 per note, below the issue price, and the notes will not be listed. The underlying index is complex, uses leverage up to 500%, includes a 6% per year decrement and notional costs, and may significantly underperform the S&P 500, so these notes are described as significantly riskier than conventional debt.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering autocallable market-linked notes tied to the S&P 500 Futures 35% Intraday Edge Volatility TCA 6% Decrement Index (USD) ER. Each note has a $1,000 stated principal amount, with a term to January 30, 2031, and no stock-exchange listing.
The notes can be automatically redeemed early on scheduled valuation dates from 2027 to 2030 if the index closes at or above preset premium threshold levels (from 125% down to 110% of the initial value). In that case, investors receive $1,000 plus a fixed premium of at least 9%, 18%, 27% or 36%, depending on the year. If the notes remain outstanding to 2031 and the final index value is at or above 105% of the initial value, the maturity payment is $1,000 plus at least a 45% premium; otherwise, investors receive $1,000.
The underlying index is a highly complex, leveraged, volatility-targeted futures strategy with a 35% volatility target, leverage up to 500%, and a 6% per year decrement plus notional and financing costs, which can cause significant underperformance versus the S&P 500. The notes are subject to issuer and guarantor credit risk, limited liquidity, complex U.S. tax treatment as contingent payment debt instruments, and an estimated value on the pricing date expected to be below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing market-linked senior notes tied to the Citi Dynamic Asset Selector 5 Excess Return Index, maturing on August 4, 2027. Each security has a $1,000 stated principal amount and does not pay periodic interest.
At maturity, holders receive $1,000 plus a return amount that is positive only if the Index finishes above its initial level; the upside is enhanced by an upside participation rate of at least 150%. If the Index is flat or lower, investors receive only the $1,000 principal. The Index uses a rules-based regime and volatility-targeting approach that shifts between U.S. equity and Treasury futures and is reduced by a 0.85% annual index fee.
The estimated value on the pricing date is expected to be at least $919 per security, below the $1,000 issue price, reflecting structuring, hedging costs and dealer compensation, including an underwriting fee of up to $10 per security and up to $2.50 per security for certain platform providers. The notes will not be listed on an exchange, may have limited liquidity, and are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $5,174,000 of Contingent Income Callable Securities due January 4, 2028, linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each security has a $1,000 principal amount and offers a quarterly contingent coupon of 2.725% of principal (10.90% per annum) for any observation period in which none of the indices closes below 75% of its initial level on any trading day. If a coupon barrier event occurs in a period, no coupon is paid for that quarter.
The issuer may redeem the notes in whole on specified quarterly dates starting about three months after issuance, paying $1,000 per security plus any due coupon. If the notes are not called, at maturity investors receive $1,000 per security if the worst-performing index is at or above 75% of its initial level. If the worst-performing index finishes below that threshold, repayment is reduced one-for-one with the index loss, down to zero in severe declines, meaning investors can lose their entire principal and may receive few or no coupons. The notes are not listed on any exchange, have an estimated value of $971.20 per $1,000 at pricing, and involve complex market and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured barrier securities linked to the Nikkei 225 Index maturing on January 9, 2029. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, if the Nikkei 225 has risen from the initial value of 50,339.48, investors receive $1,000 plus 200% of the index gain, capped by a maximum return of $500 per security (50% of principal). If the index is flat or down but at or above the final barrier of 42,788.558 (85% of the initial value), investors receive $1,000. If the index closes below the barrier, repayment is $1,000 plus the full index return, so losses match the index decline and investors can lose their entire investment.
The securities are not listed, may have limited liquidity and are subject to the credit risk of both issuers. The issue price is $1,000, including up to a $25 underwriting fee, with estimated value on the pricing date of $942.70 per security.
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 indices, maturing on October 3, 2030.
The notes pay a contingent coupon of 0.75% of principal per period (equivalent to 9.00% per annum) 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.
At maturity, if not earlier called, investors receive $1,000 per note only if the worst-performing index is at or above 60% of its initial level; otherwise repayment is reduced one‑for‑one with the index loss, potentially down to zero. Citigroup may redeem the notes in whole on specified dates by paying $1,000 plus any due coupon.
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 issue price is $1,000 per note versus an estimated value of $980.20, with a total offering size of $3,062,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering barrier securities linked to the MSCI EAFE® Index maturing on January 9, 2029. Each security has a $1,000 stated principal amount and provides 200% upside participation in index gains, but total return is capped at a maximum $300 per security (30%). If the index ends below the initial level but at or above the 85% barrier (2,465.357), investors receive only the $1,000 principal. If the final value is below the barrier, repayment is reduced 1-for-1 with the index loss, and the entire investment can be lost. The notes pay no interest, provide no dividends, are not exchange-listed, and all payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per security versus an estimated value of $949.10.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination 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 January 5, 2027. The notes pay a contingent coupon of 2.625% per quarter (10.50% per year) only if, on each valuation date, the worst-performing index is at or above 90% of its initial value.
If on any autocall date the worst-performing index is at or above its initial value, the notes are automatically redeemed at $1,000 plus the coupon, which can cap the total income. At final maturity, if not called and the worst-performing index has fallen more than 10% from its initial level, principal is reduced 1% for each percentage point of loss beyond the 10% buffer, potentially resulting in a significant loss. The securities are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., are not listed, and had an estimated value of $982.70 per $1,000 at pricing, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities due January 5, 2027 with a stated principal amount of $1,000 per security and total proceeds to the issuer of $1,676,775.00.
The notes pay a quarterly contingent coupon of 2.9375% of principal (an annual rate of 11.75%) only if, on each valuation date, the worst performing of the EURO STOXX 50® Index, Russell 2000® Index and S&P 500® Index is at or above its coupon barrier value, set at 90.00% of its initial level. The same 90.00% level serves as a final buffer value.
The securities may be automatically redeemed on valuation dates in 2026 if the worst performing index is at or above its initial level, returning $1,000 plus the coupon. If held to maturity without autocall and the worst performing index is below its final buffer value, investors lose 1% of principal for every 1% decline beyond the 10.00% buffer, potentially resulting in a significant loss. Investors face index, volatility, liquidity, tax and credit risk, and the estimated value of $986.60 per security is below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $9,493,000 of “Trigger Jump” principal-at-risk securities tied to the worst performing of the EURO STOXX 50®, Russell 2000® and TOPIX® indices, maturing on January 5, 2032. Each note has a $1,000 stated principal amount and pays no regular interest or dividends.
Beginning about one year after issuance, the notes are automatically redeemed if on a valuation date the worst performing index is at or above its initial level, paying $1,000 plus a preset premium that steps up over time from 13.700% to 82.200% of principal. If held to maturity and not called, investors receive $1,000 plus the final premium if the worst index finishes at or above its initial level, $1,000 if it is between 80% and 100% of its initial level, and a loss matching the full decline of the worst index if it falls below 80%, potentially reducing the payoff to zero. The notes are not listed, have limited liquidity, and the estimated value at pricing is $957 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 Snap Inc.. Each security has a stated principal of $1,000 and can pay contingent coupons of at least 1.625% per quarter (at least 19.50% per year) when Snap’s share price on a valuation date is at or above the coupon barrier.
The initial Snap share value is $8.07, with both the coupon barrier and final barrier set at $4.035, or 50.00% of that level. If on certain dates Snap closes at or above $8.07, the notes are automatically called and pay back principal plus the applicable coupon, ending the investment early.
If the notes are not called and Snap finishes below the final barrier on the last valuation date, investors’ principal is reduced one-for-one with Snap’s decline, down to a possible total loss. The securities are not listed, may be illiquid, are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and have an estimated value on the pricing date expected to be at least $903 per $1,000 note.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured, autocallable medium-term senior notes linked to the worst performing of the Russell 2000® Index and the S&P 500® Index, maturing February 2, 2029. These securities do not pay interest and do not guarantee principal repayment.
Each security has a $1,000 stated principal amount and may be automatically redeemed on scheduled valuation dates in 2027, 2028 or 2029 if the worst performing index is at or above its initial level, paying back $1,000 plus a fixed premium of at least 10.50%, 21.00% or 31.50%, respectively. If held to maturity with no early redemption, investors receive $1,000 plus the final premium if the worst index is at or above its initial level, only $1,000 if it is between its initial level and a 65% barrier, and a loss matching the index decline if it finishes below the barrier.
The securities will not be listed, 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 $918.50 per $1,000 note, below the issue price, reflecting selling, structuring and hedging costs. The tax treatment is uncertain and expected to follow prepaid forward contract principles, with additional considerations for non‑U.S. holders under Section 871(m).
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured barrier securities linked to the S&P 500® Index, each with a $1,000 stated principal amount and maturing on February 5, 2027. The notes pay no interest and repayment of principal is not guaranteed.
At maturity, if the S&P 500® final value is above its initial value, investors receive $1,000 plus 100% of the index gain, capped by a maximum return of at least $110 per security. If the index is flat or down but no lower than 80% of its initial level, investors receive $1,000. If the index closes below this 80% barrier, repayment is fully exposed 1‑for‑1 to the index loss and investors can lose their entire investment.
The securities will not be listed on any exchange. Citigroup expects the initial estimated value to be at least $928.50 per security, below the $1,000 issue price. Citigroup Global Markets Inc. will receive an underwriting fee of up to $10.00 per security, with proceeds to the issuer of $990.00 per security, and may earn additional hedging profits. The notes carry the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. and provide no dividends or index voting rights.
Citigroup Inc. is offering unsecured Medium-Term Senior Notes, Series G, that pay variable quarterly interest linked to the 10-year constant maturity Treasury (CMT) rate and mature on January 21, 2036, unless called earlier. Each note has a stated principal amount of $1,000 and pays a variable coupon based on a contingent annual rate of at least 8.50%, multiplied by the fraction of days in each accrual period when the 10-year CMT rate is between 0.00% and 5.00%. If the CMT rate is outside this range for an entire period, the coupon for that period will be 0.00%.
Citigroup may redeem the notes in whole on any interest payment date on or after January 21, 2027 at 100% of principal plus accrued interest. The notes are not listed on any exchange, are intended to qualify as TLAC-eligible senior debt, and rank equally with other unsecured, unsubordinated Citigroup obligations. Citigroup estimates the value of each note on the pricing date will be between $930.00 and $1,000.00, reflecting structuring and hedging costs and dealer compensation.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering principal-at-risk senior notes linked to a synthetic 10Y10Y SOFR constant-maturity swap (CMS) rate. Each note has a $1,000 stated principal amount and matures on April 1, 2026.
The synthetic 10Y10Y SOFR CMS rate equals (2 × SOFR CMS20) minus SOFR CMS10. A fixed strike of 4.491% and an OTM strike width of 0.50% determine the payout. If the synthetic rate on the valuation date is less than or equal to the strike, investors receive the maximum payment of $1,256.62921 per note. If it is higher, the payment decreases linearly, but not below the minimum payment of $256.62921, so investors can lose a substantial portion of principal.
The issue price is 100% of principal, while Citigroup Global Markets Inc. estimates an initial value between $970.00 and $1,000.00 per note based on proprietary models. The notes are unsecured senior obligations, will not be listed on any exchange, and are intended only for investors who understand complex interest rate derivatives, tax uncertainty and limited liquidity.
Citigroup Inc. is offering callable fixed rate notes maturing on January 20, 2038, with a stated principal amount of $1,000 per note. The notes will pay a fixed annual interest rate of at least 5.05%, to be set on the pricing date, 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 on specified quarterly redemption dates at 100% of principal plus accrued interest, so the notes may be repaid before 2038. The notes are intended to qualify as TLAC-eligible, meaning that in a Citigroup bankruptcy, losses would be imposed on shareholders and unsecured creditors, including these noteholders, and recoveries could be limited.
The notes will not be listed on any securities exchange, and Citigroup Global Markets Inc., acting as underwriter, will receive an underwriting fee of up to $24 per note, with certain investors eligible for prices between $976 and $1,000 per note. Citigroup and its affiliates may hedge and may profit from those activities, and CGMI may show a temporarily elevated value for the notes for about six months after issuance.
Citigroup Inc. is offering callable fixed rate notes due January 21, 2031, in $1,000 denominations. The notes pay a fixed annual interest rate of at least 4.30%, to be set on the January 16, 2026 pricing date, with interest paid semi-annually each January 21 and July 21 starting July 21, 2026, using a 30/360 day-count convention.
Beginning January 21, 2027, Citigroup may redeem the notes at its option on specified quarterly redemption dates at 100% of principal plus accrued interest. The notes are intended to qualify as TLAC-eligible debt, meaning that in a Citigroup bankruptcy, losses would be borne by shareholders and then unsecured creditors, including noteholders. A wholly owned subsidiary may assume Citigroup’s obligations under the notes subject to conditions, with Citigroup guaranteeing payments.
The notes will not be listed on any securities exchange. Citigroup Global Markets Inc., an affiliate, acts as underwriter and may receive an underwriting fee of up to $10.00 per note, with issue prices generally between $990.00 and $1,000 per note for certain investors. Net proceeds are for general corporate purposes and related hedging, from which affiliates may profit even if the note value declines.
Citigroup Inc. is offering callable fixed rate notes due January 22, 2046, in $1,000 denominations, paying at least 5.45% per year from the original issue date to maturity, unless redeemed earlier. Interest is paid semi-annually on January 22 and July 22, starting July 22, 2026, using a 30/360 day-count convention.
Beginning January 22, 2029, Citigroup may redeem the notes in whole at 100% of principal plus accrued interest on specified quarterly redemption dates. The notes are intended to qualify as eligible debt securities under the Federal Reserve’s TLAC rule, so in a Citigroup bankruptcy losses would be borne first by shareholders and then unsecured creditors, including these noteholders. A wholly owned subsidiary may assume the obligations under the notes subject to conditions, with Citigroup guaranteeing payments, which can limit default rights tied to Citigroup’s own bankruptcy or covenant breaches.
The notes will not be listed on any securities exchange. The standard issue price is $1,000 per note, but certain institutional and fee-based advisory accounts may pay between $975 and $1,000 per note. Citigroup Global Markets Inc., an affiliate, acts as underwriter and may receive an underwriting fee of up to $25 per note and engage in hedging and market-making activity that can affect secondary market values.
Citigroup Inc. is offering callable fixed rate notes due January 22, 2041, in $1,000 denominations. The notes pay a fixed annual interest rate of at least 5.20%, to be set on the pricing date, with interest paid semi-annually each January 22 and July 22 starting July 22, 2026, using a 30/360 day-count convention.
Citigroup may redeem the notes at 100% of principal plus accrued interest on quarterly redemption dates beginning January 22, 2029, which could shorten the investment if market rates fall. The notes are intended to qualify as Federal Reserve TLAC-eligible debt, meaning in a Citigroup bankruptcy losses would be borne by shareholders first and then unsecured creditors, including these noteholders.
The notes will not be listed on any securities exchange, and secondary market liquidity will depend on dealer interest. Citigroup Global Markets Inc., an affiliate, acts as underwriter and may receive up to $25.00 per note in underwriting fees, while the issue price for some institutional and fee-based accounts may range from $975.00 to $1,000 per note. Net proceeds are for general corporate purposes and related hedging activities.
Citigroup Inc. is offering medium-term senior callable fixed rate notes due January 22, 2036 in $1,000 denominations. The notes pay a fixed annual interest rate of at least 4.95%, to be set on the pricing date, with interest paid semiannually on January 22 and July 22, starting July 22, 2026, using a 30/360 day-count convention.
Beginning on July 22, 2027, Citigroup may redeem the notes in whole at 100% of principal plus accrued interest on specified quarterly redemption dates. The notes are unsecured senior obligations intended to qualify as TLAC-eligible debt and may be assumed by a wholly owned subsidiary, with Citigroup providing a full and unconditional guarantee. The notes will not be listed on any securities exchange, are not bank deposits, and are not insured by the FDIC. Citigroup Global Markets Inc. acts as underwriter, receiving an underwriting fee of up to $20 per note, and net proceeds will be used for general corporate purposes and related hedging.
Citigroup Inc. is offering callable fixed rate senior notes due January 22, 2029 with a stated principal of $1,000 per note. The notes pay a fixed annual interest rate of at least 4.05%, set on the pricing date, with interest paid semi-annually each January 22 and July 22, starting July 22, 2026, using a 30/360 day-count convention.
Beginning January 22, 2027, Citigroup may redeem the notes at its option on specified quarterly redemption dates at 100% of principal plus accrued interest, so the notes may be paid off before maturity. The notes are intended to qualify as TLAC-eligible debt, meaning that in a Citigroup bankruptcy, losses would be imposed on shareholders first and then on unsecured creditors, including these noteholders.
Citigroup may also have a wholly owned subsidiary assume the obligations under the notes, with Citigroup guaranteeing payments, which affects default rights. The notes are not listed on any securities exchange, are underwritten by Citigroup Global Markets Inc. with an underwriting fee of up to $6.00 per note, and a temporary three‑month post-issuance price adjustment will reflect part of the underwriter’s expected hedging profit.
Citigroup Inc. is offering callable fixed rate notes due January 20, 2033, with a stated principal amount of $1,000 per note and an annual interest rate of at least 4.60%, to be set on the pricing date. Interest is paid semi-annually each January 20 and July 20 on a 30/360 basis.
Beginning July 20, 2027, Citigroup may redeem the notes in whole at any quarterly redemption date at 100% of principal plus accrued interest, so investors face reinvestment risk if rates fall. The notes are intended to qualify as TLAC-eligible debt, meaning in a Citigroup bankruptcy losses would be imposed on shareholders first and then unsecured creditors, including these noteholders.
A wholly owned subsidiary may assume the issuer’s obligations without holder consent, with Citigroup guaranteeing payments; the successor could be less creditworthy. The notes are not listed on any exchange, may be difficult to sell prior to maturity, and involve underwriting fees of up to $14.00 per note and issuer hedging activity that can affect secondary prices.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable barrier securities linked to the Russell 2000® Index, with a stated principal of $1,000 per security and maturity on December 27, 2030, unless called earlier. The note may be automatically redeemed each year starting in 2026 if the index closes at or above its initial value of 2,541.122, paying $1,000 plus a premium that steps up from 9.15% to 36.60% of principal, then 25.00% on the final valuation date.
If not redeemed early, at maturity investors receive $1,000 plus the greater of the final premium or full upside participation in the index if it is at or above the initial level; full principal back if the index is below the initial level but at or above the 75% barrier of 1,905.842; and a loss matching index declines if it finishes below the barrier. The securities are not listed, have an estimated value of $963.20 per $1,000 at pricing, and involve complex market, credit and tax risks.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable contingent coupon equity-linked securities due November 29, 2028, linked to the worst performing of the iShares Silver Trust and the SPDR S&P Metals & Mining ETF.
The notes pay a contingent coupon of 0.5833% per month (about 7.00% per year) only if, on each valuation date, the worst performing underlying is at or above 65% of its initial value; missed coupons can be recouped later if the barrier is met. The securities can be automatically called on specified dates if the worst performer is at or above its initial value, returning $1,000 plus any due coupons.
If not called, principal repayment depends on the final value of the worst performer. Full principal is returned only if it is at or above 85% of its initial value; below that level, investors lose 1% of principal for every 1% decline beyond the 15% buffer. The notes are unsecured, not listed, have an issue price of $1,000 and an estimated value of $919.80, and expose holders to both market and Citigroup credit risk.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured structured notes linked to the worst performer of the iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX). Each security has a $1,000 principal amount and offers a contingent coupon of 0.5833% per month (about 7.00% per year) if, on each valuation date, the worst performing ETF is at or above 65% of its initial value.
The notes can be called early on scheduled autocall dates if the worst performer is at or above its initial level, in which case investors receive $1,000 plus the coupon and the investment ends. At maturity, if not called, investors receive full principal only if the worst performer is at or above 80% of its initial value. Below that 20% buffer, principal is reduced 1% for each 1% additional decline, leading to substantial loss in a severe downturn.
The issue size is $649,000, with an underwriting fee of $36.50 per security and an estimated value of $920.10. The notes are not listed and carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Buffered Digital Securities linked to the Dow Jones Industrial Average maturing on April 1, 2027. Each security has a $1,000 stated principal amount and pays no interest.
At maturity, investors receive $1,000 plus a fixed digital return of $86.50 (an 8.65% gain) per security if the index’s final value is at or above its initial value of 48,442.41. If the index is below the initial value but at or above 43,598.169 (a 10% buffer), investors receive back only the $1,000 principal. Below that buffer level, principal is reduced 1% for every 1% decline beyond 10%.
The securities will not be listed on any exchange and are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000, including an underwriting fee of up to $20.50 per security, while the estimated value on the pricing date is $978.40, reflecting structuring, distribution 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 S&P 500 Dynamic Participation Index and the SPDR Gold Trust, maturing December 27, 2030. The notes pay a contingent coupon of 0.6875% per month (8.25% per annum) only if, on each valuation date, the worst-performing underlying is at or above 80% of its initial value; otherwise no coupon is paid.
If not called early and held to maturity, investors receive $1,000 per note only if the worst-performing underlying finishes at or above 85% of its initial value. Below that 15% buffer, repayment is reduced dollar-for-dollar with further decline, potentially down to zero. The notes can be automatically redeemed starting December 23, 2026 if the worst-performing underlying is at or above its initial value, returning $1,000 plus the applicable coupon. The securities are unsecured and unsubordinated, not listed, carry Citigroup credit risk, and have an estimated value of $924.40 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable securities linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, maturing on December 29, 2033. The notes pay no interest and do not guarantee principal.
The securities may be automatically redeemed on any scheduled valuation date from December 23, 2026 onward if the index closing value is at or above the initial value of 653.2098, paying $1,000 plus a preset premium that starts at 16.25% of principal and steps up to 130.00% by the final valuation date. If not redeemed early and the final index value is at or above the final barrier of 326.605 (50% of the initial value), investors receive $1,000 plus the final premium.
If the notes are not redeemed and the final value is below the barrier, repayment is $1,000 plus $1,000 × index return, creating 1‑for‑1 downside exposure and potential total loss of principal. The index itself is complex and risky, using up to 500% leveraged futures exposure, a 40% volatility target and a 6% per annum decrement. The issue price is $1,000, with an underwriting fee of up to $43 and estimated value of $888.10 per security. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the notes will not be listed on any exchange.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000 barrier securities linked to Tesla, Inc. stock, maturing on February 26, 2027. These unsecured notes pay no interest and repay no fixed principal amount.
At maturity, if Tesla’s final share price is above the initial value of $485.56, holders receive $1,000 plus 200% of Tesla’s percentage gain, capped at a maximum return of $760 per security, so the total payment cannot exceed $1,760. If the final price is at or below the initial value but at or above the final barrier of $437.004 (90% of the initial value), investors simply receive their $1,000 principal.
If Tesla’s final price is below the barrier, investors are fully exposed to downside: the maturity payment equals $1,000 plus $1,000 times the underlying return, and they can lose up to their entire investment. The notes will not be listed, the estimated value at pricing is $973.10 per security (below the $1,000 issue price), and investors forgo all Tesla dividends and bear the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities tied to Wells Fargo & Company stock, each with a $1,000 stated principal amount and maturing on January 5, 2029 unless called earlier. The notes pay a contingent coupon of 1.8125% per quarter (a 7.25% annual rate) only if Wells Fargo’s closing value on the relevant valuation date is at or above the coupon barrier of $66.129, which is 70% of the initial value of $94.47.
If on an autocall date Wells Fargo’s closing value is at or above its initial value, the notes are automatically redeemed at $1,000 plus the coupon, which can end coupons early. If the notes are not called and the final value is at or above the final barrier of $66.129, investors receive their $1,000 principal back; if it is below, repayment is reduced one-for-one with the stock’s decline, down to $0. The securities are unsecured, not listed, and subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.; the estimated value at pricing is $959.90 per note, below the $1,000 issue price.
Citigroup Global Markets Holdings Inc. is offering Airbag Autocallable Yield Notes linked to the common stock of Fiserv, Inc. with a 12.25% per annum coupon, fully and unconditionally guaranteed by Citigroup Inc. The notes pay quarterly coupons as long as they remain outstanding and are automatically called if Fiserv’s share price closes at or above the initial price on any quarterly observation date.
If the notes are not called and Fiserv’s final share price is at or above the conversion price of $57.76 (85% of the initial price), investors receive their $1,000 principal per note in cash plus accrued interest. If the final price is below the conversion price, investors receive shares instead, based on a share delivery amount of 17.31302 Fiserv shares per note, which could be worth substantially less than the principal. The estimated value on the trade date is expected to be at least $955.50 per $1,000 note, reflecting structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination callable barrier securities linked to the S&P 500 Futures Excess Return Index, maturing on December 27, 2030. The issuer may redeem the notes in whole on specified annual dates from 2026 to 2029, paying $1,000 plus a premium of 25%, 50%, 75% or 100% of principal, respectively.
If not called, maturity payment depends on index performance. If the final index value exceeds the initial value of 562.86, investors receive $1,000 plus 157.50% of the index gain. If the index is at or below the initial level but at or above the 50% barrier (281.43), principal is returned. If it falls below the barrier, repayment is reduced one-for-one with the index loss, and investors can lose most or all of their principal.
The securities are unsecured obligations, not listed on any exchange, and pay no dividends. The estimated value at pricing is $943.20 per $1,000, reflecting dealer costs, hedging and the issuer’s internal funding rate. The underlying futures-based index is expected to underperform the S&P 500 price and total return indices because of embedded financing costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $10,000,000 of Tesla-linked autocallable Phoenix securities maturing December 29, 2026. Each $1,000 security pays a 1.55% contingent monthly coupon only if Tesla’s share price is at or above a coupon barrier of $317.675, equal to 65% of the $488.73 initial share price; missed coupons can be later “made up” if the barrier is met.
The notes are automatically redeemed early at $1,000 plus the applicable coupon if on any interim valuation date Tesla’s closing price is at or above the initial share price. If held to maturity and not called, investors receive $1,000 plus any due coupon if Tesla’s final price is at or above the same 65% final barrier; otherwise repayment is reduced according to a formula with a 35% buffer, and investors can lose most or all of principal.
The securities are unsecured obligations of the issuer, not listed on any exchange, have an estimated value of $998.90 per $1,000 at pricing, include a $1.00 per-note underwriting fee to CGMI, and carry complex risk and uncertain U.S. tax treatment, particularly for non-U.S. holders.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Step Down Trigger Autocallable Notes linked to the least performing of the S&P 500, EURO STOXX 50 and Nasdaq-100 indices. Each unsecured note has a stated principal amount of $10, a term of about five years (unless called earlier), and pays no interest or dividends.
The notes may be automatically called quarterly starting December 28, 2026. If on a valuation date the least performing index is at or above its initial level (or at or above 75% of its initial level on the final valuation date), investors receive the call price, equal to $10 plus a call return based on a 9.00% per annum call return rate (rising up to 45.00% at final maturity). If the notes are never called and on the final valuation date the least performing index is below its 75% downside threshold, repayment is reduced in line with the full negative return of that index, down to zero, so investors can lose their entire investment.
The notes are not listed on any exchange and may have limited or no liquidity. The issue price is $10.00 per note, including a $0.25 underwriting discount, while the estimated value is $9.585 per note based on Citigroup’s internal pricing models.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to Oracle Corporation stock. Each security has a stated principal amount of $1,000 and is scheduled to mature on January 4, 2029, unless automatically redeemed earlier.
The notes pay a quarterly contingent coupon of 3.0375% of principal, equal to a 12.15% annual rate, but only if Oracle’s closing value on the relevant valuation date is at or above a coupon barrier set at 50.00% of the initial underlying value. Missed coupons can be paid later if the barrier is subsequently met. The notes are automatically called on specified dates if Oracle is at or above its initial value, returning $1,000 plus the applicable coupon and ending further payments.
If the notes are not called and Oracle’s final value is below a final barrier at 50.00% of the initial value, investors lose 1% of principal for each 1% Oracle has fallen, up to a total loss. 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 $911.00 per $1,000 security, reflecting embedded costs and dealer profit.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing S&P 500®-linked autocallable barrier securities with a $1,000 stated principal amount per security. The notes price on December 23, 2025, are issued on December 29, 2025, and mature on December 27, 2030, unless redeemed early.
The notes are automatically redeemed if, on any valuation date, the S&P 500® closing value is at or above the initial level of 6,909.79, paying $1,000 plus a premium that steps up from 7.65% in 2026 to 30.60% in 2029, or 25.00% on the final valuation date. If held to maturity and not called, investors receive $1,000 plus the greater of the final premium or 100% of the index gain if the index is at or above the initial level, $1,000 if it is between the initial level and the barrier, and 1‑for‑1 downside exposure if it falls below the final barrier of 5,182.343.
The securities are not listed on any exchange and pay no dividends. Underwriting fees are up to $23.50 per security, and the initial estimated value is $966.80, below the issue price. The product involves market risk, credit risk to the issuer and guarantor, tax uncertainty and limited liquidity.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured Autocallable Contingent Coupon Equity Linked Securities linked to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing on December 31, 2030.
Each security has a $1,000 stated principal amount and pays a contingent coupon of at least 0.6875% per period (at least 8.25% per annum) only if, on the relevant valuation date, the worst performing index is at or above 70% of its initial value. The notes may be automatically called on scheduled autocall dates if the worst performer is at or above its initial value, in which case holders receive $1,000 plus the applicable coupon.
If not called and the worst performing index on the final valuation date is below 70% of its initial value, repayment of principal is reduced 1% for each 1% decline in that index, with no minimum, so investors can lose their entire investment and receive no coupons. The securities are not listed, carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have an estimated value of at least $928 per $1,000 on the pricing date, and include an underwriting fee of up to $6 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Autocallable Contingent Coupon Equity Linked Securities tied to the worst performer of American Express, Texas Instruments and Ulta Beauty, maturing on December 23, 2030. Each security has a $1,000 principal amount, with total proceeds of $272,000.
The notes pay a contingent coupon of 0.9083% per month (about 10.90% per year) only if, on each valuation date, the worst performing stock is at or above its barrier, set at 50% of its initial value. Missed coupons can be paid later if the condition is met, but all coupons can be lost if the worst stock stays below the barrier.
The notes can be automatically called on specified dates if the worst stock is at or above its initial level, returning $1,000 plus the applicable coupon and ending further payments. If not called and the worst stock finishes below its final barrier, investors lose principal in full proportion to the decline, down to a total loss. The securities are not listed, carry the credit risk of Citigroup entities, and have an estimated value of $946.60 per $1,000 at pricing, reflecting embedded costs and dealer margins.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000-denomination autocallable barrier securities linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing December 23, 2027. The notes pay no interest and do not guarantee return of principal.
The notes can be automatically redeemed on December 22, 2026 at $1,130 per security (a 13% premium) if the worst performing index is at or above its initial level. If not called, at maturity investors receive $1,000 plus a leveraged upside return based on 260% of the worst index’s gain, or full principal back if that index is at or above 70% of its initial level.
If the worst index finishes below 70% of its initial value, repayment is reduced 1-for-1 with the index loss, down to zero. The securities are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., are not listed, may have limited liquidity, and have an estimated value of $980.10 per $1,000 at pricing.
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 in December 2027.
Each security has a $1,000 principal amount and may pay a quarterly contingent coupon of at least 0.8042% (about 9.65% per year) only if the worst-performing index on the relevant valuation date is at or above 70% of its initial level. If the worst-performing index finishes below 70% of its initial level at maturity, principal is reduced one-for-one with the index loss, potentially to zero. The issuer can redeem the notes early on specified dates at $1,000 plus any due coupon. The notes are unsecured, not listed, have limited liquidity, and their value and payments depend on both index performance and the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured market-linked securities tied to a weighted basket of five equity indices: EURO STOXX 50 (40%), Nikkei 225 (25%), FTSE 100 (17.5%), Swiss Market Index (10%) and S&P/ASX 200 (7.5%). Each security has a $1,000 stated principal amount, a participation rate of 125%, and a threshold value at 75% of the starting basket value.
The notes are auto-callable on January 4, 2027 if the basket is at or above its starting value, paying $1,000 plus at least a 9% call premium. If not called, at maturity in January 2029 investors receive leveraged upside if the basket rises, par if it is between the starting and threshold values, and a 1‑to‑1 loss with the basket below the threshold, potentially losing the entire investment. The securities pay no interest, are not listed, and their value and repayment depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured barrier securities linked to Tesla, Inc., maturing on February 26, 2027. Each security has a $1,000 stated principal amount, pays no interest and is not listed on any exchange.
At maturity, if Tesla’s final share value is above the initial value, investors receive $1,000 plus a return based on a 200% upside participation rate, capped by a maximum return of at least $760 per security. If the final value is at or below the initial value but at or above 90% of the initial value, investors receive only the $1,000 principal. If Tesla’s final value falls below 90% of the initial value, repayment is reduced 1-for-1 with Tesla’s loss and can fall to zero, meaning investors may lose their entire investment.
The estimated value on the pricing date is expected to be at least $917 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs and Citigroup’s internal funding rate. Key risks include full downside exposure to Tesla, no dividends or voting rights in Tesla, lack of liquidity, credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., model-based valuation uncertainties, and complex and uncertain U.S. tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering barrier securities linked to Tesla, Inc. stock maturing on February 26, 2027. Each security has a $1,000 stated principal amount, no periodic interest, and a leveraged upside: investors receive 200% of Tesla’s price gain from the initial to final value, capped by a maximum return at maturity of at least $760 per security.
If Tesla’s final value is at or above 90% of its initial value, investors receive at least their $1,000 principal back. If the final value falls below this 90% barrier, repayment falls 1-for-1 with Tesla’s decline, and investors can lose their entire investment. The notes are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, and have an expected estimated value on the pricing date of at least $917 per security, below the $1,000 issue price due to fees, hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc. is offering unsecured barrier securities linked to the Invesco QQQ TrustSM, Series 1, maturing on February 26, 2027, and fully guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount, no interest payments and a 200% upside participation rate, capped by a maximum return at maturity of $152.50 per security. If QQQ rises, you gain 2x its percentage increase up to this cap; if it is flat or down but at or above a barrier set at least 90% of the initial value, you receive back $1,000. If the final value is below the barrier, your payoff falls 1-for-1 with QQQ’s loss, down to zero, so you can lose your entire investment.
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 $919 per security versus the $1,000 issue price, and Citigroup Global Markets Inc. receives an underwriting fee of up to $20 per security. Investors forgo QQQ dividends, face complex and uncertain U.S. tax treatment and are exposed to issuer hedging and conflicts of interest.
Citigroup Inc. is offering unsecured callable range accrual notes linked to the 10-year constant maturity U.S. Treasury (CMT) rate, maturing on December 19, 2035. Each note has a stated principal of $1,000 and pays variable interest only for days when the 10-year CMT rate stays between 0.00% and 5.00%, up to a contingent rate of 9.00% per year. If there are no qualifying days in a period, the coupon for that period will be zero.
Citigroup may redeem the notes in whole on any interest payment date on or after December 19, 2026 at 100% of principal plus accrued interest. The notes rank equally with other senior unsecured Citigroup debt, are intended to qualify as TLAC-eligible instruments, and will not be listed on any exchange. The initial estimated value is $970.00 per note, below the issue price, reflecting underwriting fees of $15.00 per note and Citigroup’s hedging and funding costs. The tax treatment is complex, with Citigroup intending to treat the notes as contingent payment debt instruments.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Trigger Autocallable Notes linked to the S&P 500® Index, maturing on December 21, 2027. Each note has a $10 stated principal amount, with total issuance of $6,212,600. The notes may be automatically called quarterly starting June 17, 2026 if the S&P 500 closing level is at or above the initial level of 6,721.43, paying back principal plus a call return based on a fixed 9.01% per annum rate. If the notes are never called, investors receive full principal at maturity only if the final index level is at or above the downside threshold of 5,377.14 (80% of the initial level). Below that threshold, repayment is reduced in line with the index loss and can fall to zero. The issue price is $10.00 per note, with proceeds to the issuer of $9.85 per note and an estimated value of $9.771, and the notes are unsecured, high-risk, and not FDIC insured.
Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., is offering Trigger Autocallable Contingent Yield Notes linked to the common stock of Broadcom Inc. (AVGO), maturing on December 20, 2028. The notes have a $10 stated principal amount, a contingent coupon rate of 12.42% per annum (about $0.3105 per quarter per note), and are issued at 100% of principal. The total offering size is $9,316,000, with underwriting discounts of $0.225 per note and estimated net proceeds of $9,106,390.
Coupons are paid only if Broadcom’s closing price on a quarterly valuation date is at or above the coupon barrier of $163.01, which is 50% of the initial price of $326.02. The same level also serves as the downside threshold. Starting March 17, 2026, the notes are automatically called if Broadcom closes at or above the initial price, returning principal plus the due coupon and any unpaid “memory” coupons.
If the notes are not called and the final price is below the downside threshold, repayment at maturity is reduced in line with Broadcom’s percentage decline, down to a possible 100% loss. Investors do not receive Broadcom dividends and are exposed to both market risk of the stock and credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The notes will not be listed and may have limited or no liquidity.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Airbag Autocallable Contingent Yield Notes linked to Tesla, Inc. common stock. The notes have a one-year term with monthly observation dates and pay a contingent coupon of 14.70% per annum only when Tesla’s closing price is at or above a coupon barrier set at 55% of the $489.88 initial price ($269.43). Missed coupons may be paid later under a memory feature if the barrier is met on a future date.
The notes are automatically called if Tesla closes at or above the initial price on any monthly valuation date, returning the $10,000 principal per note plus due coupons. If not called and the final price is below the $269.43 conversion price, investors receive Tesla shares (about 37.11539 per note) that may be worth far less than principal and could be worthless. The total offering size is $12,000,000, and the estimated value at pricing was $9,937 per note. The notes are unsecured, not listed, and expose holders to both Tesla market risk and Citigroup credit risk, with potential loss of the entire investment.