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., fully guaranteed by Citigroup Inc., is offering $1,000 Autocallable Contingent Coupon Equity Linked Securities tied to the Nasdaq‑100 Futures 35% Edge Volatility 6% Decrement™ Index ER, maturing on December 31, 2035. The securities pay a 1.00% contingent coupon per month (about 12% per year) only when the index closes at or above 60% of its initial level on the relevant valuation date.
The notes can be automatically called any trading day from December 31, 2026 through the final valuation date if the index is at or above its initial level, returning the $1,000 principal (plus the coupon if the call happens on a valuation date). If the notes are not called and the index is at least 50% of its initial level at final valuation, investors receive $1,000 back; if it is below 50%, the payoff is $1,000 plus the index return, which can result in a large loss of principal.
The complex underlying index uses leverage up to 500%, a 35% volatility target and a fixed 6% annual decrement, and has limited live history with extensive hypothetical back‑tests. The securities are not listed, likely to trade below issue price, involve significant market, structural and tax risks, and may be subject to 30% withholding on coupons for many non‑U.S. investors.
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® and the S&P 500® Index, each with a stated principal amount of $1,000 and maturing on September 23, 2027, unless called earlier.
The notes may pay a monthly contingent coupon of at least 0.6833% of principal (about 8.20% per year) 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. Beginning in December 2026, the notes are automatically redeemed if on a potential autocall date the worst-performing index is at or above its initial level, in which case investors receive principal plus the applicable coupon and no further payments.
If the notes are not called and on the final valuation date the worst-performing index is below its final barrier (also 70% of its initial level), repayment at maturity is reduced one-for-one with the index loss and can fall to zero, with no principal protection. The securities are not listed, have limited liquidity, carry the credit risk of both issuers, and have an estimated value on the pricing date expected to be below the $1,000 issue price due to dealer costs and hedging.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured autocallable securities linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, with a stated principal amount of $1,000 per security and maturity on December 15, 2033.
The notes pay no interest and may be automatically called on scheduled valuation dates if the index is at or above its initial level, returning $1,000 plus a fixed premium that starts at 18% in December 2026 and steps up to 144% by December 2033. If not called and the final index level is at or above 51% of its initial level, investors receive principal plus the final premium; if it is lower, repayment is reduced 1% for each 1% index loss, down to zero. The underlying index is highly complex and can use leverage up to 500% and a 6% per annum decrement, and the securities carry credit, market, liquidity and tax risks. The issue price is $1,000, with estimated value of $882.30 and an underwriting fee of up to $43 per security.
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 December 29, 2028.
Each security has a $1,000 stated principal amount and may pay a monthly contingent coupon of at least 0.8333% (about 10.00% per year) if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier, set at 70.00% of its initial level. If the worst-performing index is below this barrier on a valuation date, no coupon is paid for that period.
If the notes are not called and, on the final valuation date, the worst-performing index is at or above its final barrier (also 70.00% of its initial level), investors receive back $1,000 per security plus any final coupon. If it is below the barrier, repayment is reduced dollar-for-dollar with the index loss, and investors can lose some or all of their principal.
The issuer may redeem the notes early on specified coupon dates at $1,000 plus any due coupon. The notes are unsecured, not listed, and subject to the credit risk of both issuers, with an estimated value on pricing expected to be at least $929 per security, below the issue price, and involve complex U.S. tax and withholding considerations.
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, each with a $1,000 stated principal amount and maturing on December 16, 2027, unless called earlier. The notes pay a contingent coupon of 0.8958% per month (about 10.75% per year) 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 not redeemed and the worst index is at or above its 70% final barrier at maturity, investors receive $1,000 per security, but if it is below that level, repayment is reduced one-for-one with the index loss and can fall to zero. The issuer may call the securities on specified dates starting in June 2026 at $1,000 plus any due coupon, the notes are not listed on any exchange, and the initial issue price of $1,000 per security exceeds the estimated value of $988.60, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing autocallable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indexes, maturing December 16, 2027. Each $1,000 security offers a monthly contingent coupon of 0.8958% (about 10.75% per year) only if the worst-performing index on the prior valuation date is at least 80% of its initial level; missed coupons can be paid later if the condition is met.
The notes may be automatically redeemed on specified dates if the worst index is at or above its initial level, paying $1,000 plus applicable coupons. If not called, and on the final valuation date the worst index is at or above 70% of its initial level, investors receive $1,000; if it is below 70%, repayment is reduced one‑for‑one with the index loss, down to zero. The securities are unsecured, subject to Citigroup’s credit risk, not exchange‑listed, and have an estimated value of $992.20 per $1,000 issue price on a total offering size of $13.539 million.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $10,428,000 of Contingent Income Callable Securities due December 16, 2027, linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each $1,000 security can pay a 2.85% quarterly contingent coupon (11.40% per annum) if none of the indices closes below 75.00% of its initial level on any day in the observation period.
The notes are callable by the issuer quarterly starting about three months after issuance at $1,000 plus any due coupon. If not called, holders receive $1,000 per security at maturity only if the worst performing index finishes at or above its 75.00% downside threshold; otherwise, repayment is reduced one-for-one with that index’s loss and can fall to zero, so principal is fully at risk. The estimated value on the pricing date is $969.60 per $1,000 security, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $24,000,000 of Contingent Income Auto-Callable Securities due December 17, 2026, linked to Tesla, Inc. common stock.
The notes pay a 1.3167% monthly contingent coupon (about 15.80% per year) only when Tesla’s closing price on a valuation date is at or above 60.00% of the $446.89 initial share price, a downside threshold of $268.134. Missed coupons can be made up later if the share price returns to or above that threshold, but investors could receive few or no coupons over the term.
If on any monthly potential redemption date Tesla closes at or above the initial share price, the notes are automatically redeemed at $1,000 per security plus the applicable coupon, ending future payments. If not redeemed and the final share price is at or above the threshold, investors receive $1,000 plus the final coupon; if it is below, they incur leveraged losses beyond a 40.00% buffer and can lose most or all principal, with no coupon at maturity. The securities are not listed, are subject to Citigroup credit risk, and had an estimated value of $995.20 per $1,000 at pricing, less than the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $22.221 million of Contingent Income Callable Securities due December 16, 2027, linked to the worst performer of the Nasdaq-100, Russell 2000 and S&P 500 indices.
Each $1,000 security can pay a quarterly contingent coupon of 2.475% (9.90% per year) only if, on every trading day in the observation period, all three indices stay at or above 70% of their initial levels. Citigroup may redeem the notes in whole on scheduled quarterly dates, paying $1,000 plus any due coupon, which can shorten the investment to as little as about three months.
If not called and the worst-performing index finishes at or above its 70% downside threshold, investors receive $1,000 plus any final coupon; if it finishes below, repayment is reduced one-for-one with that index’s loss and can drop to zero. The notes are not listed, include embedded fees (issue price $1,000 vs. estimated value $971.20), and carry complex tax and withholding risks, including potential 30% withholding on coupons for many non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $1,000 Autocallable Contingent Coupon Equity Linked Securities tied to the worst performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on December 15, 2028.
The notes pay a contingent coupon of 2.075% per quarter (8.30% per annum) only if, on each valuation date, the worst performing index is at or above 70% of its initial level. If on any potential autocall date the worst performer is at or above its initial value, the notes are automatically redeemed at $1,000 plus the coupon, ending future payments.
If the notes are not called and on the final valuation date the worst performer is below 70% of its initial level, repayment of principal is reduced 1% for each 1% decline, down to zero. The securities are unsecured, unlisted, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and their initial estimated value of $990.70 per note is below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $6,803,000 of autocallable contingent coupon equity-linked securities tied to the worst performer of the Dow Jones Industrial Average and the S&P 500 Index.
The $1,000-denomination notes can pay a 2.375% quarterly contingent coupon (9.50% per annum) only if the worst-performing index on each valuation date stays at or above 70% of its initial level; otherwise no coupon is paid. The notes may be automatically called on scheduled dates if the worst-performing index is at or above its initial level, returning $1,000 plus the coupon.
If not called and the worst-performing index finishes below 70% of its initial level at maturity, investors lose 1% of principal for each 1% index decline and can lose their entire investment. The securities are unsecured, subject to the credit risk of both issuers, will not be listed on an exchange, and have an estimated value of $997.50 per $1,000 at pricing.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $12,000,000 of autocallable Phoenix securities linked to United Parcel Service, Inc. common stock. Each $1,000 security pays a 1.3417% contingent monthly coupon only if UPS’s share price is at or above the coupon barrier of $85.408, which is 85% of the $100.48 initial share price, with missed coupons potentially paid later if the barrier is met.
The notes can be automatically redeemed early at par plus coupon if UPS closes at or above the initial share price on any interim valuation date. If held to maturity and UPS is at or above the final barrier of $85.408, investors receive $1,000 plus any due coupons; if below, repayment is reduced using a 15% buffer and a buffer rate of about 117.647%, which can lead to substantial or total loss of principal.
The securities are not listed on any exchange, have an estimated value of $994.60 per $1,000 at pricing, involve complex market and credit risks, and carry uncertain and potentially adverse U.S. tax treatment, including possible 30% withholding on coupon payments for some non‑U.S. holders.
Citigroup Inc. is offering unsecured Callable Fixed Rate Notes due December 17, 2032. Each note has a stated principal amount of $1,000 and pays fixed interest at 4.45% per year, with semiannual interest payments on June 17 and December 17, starting June 17, 2026, calculated on a 30/360 basis.
Citigroup may redeem the notes early, in whole but not in part, at 100% of principal plus accrued interest on any quarterly redemption date beginning June 17, 2027. The notes are not listed on any securities exchange, so liquidity may depend on dealer interest. Issue price is generally $1,000 per note, but eligible institutional and fee-based advisory accounts may pay between $988 and $1,000 per note. CGMI receives an underwriting fee of up to $12 per note.
The notes are intended to qualify as TLAC-eligible debt, meaning losses in a Citigroup Inc. bankruptcy would be borne by shareholders and unsecured creditors, including these noteholders. A wholly owned Citigroup subsidiary may assume the notes, with Citigroup guaranteeing payments, which can affect default rights and tax treatment. Proceeds are for general corporate purposes and related hedging.
Citigroup Inc. is offering callable fixed rate notes due December 17, 2037, with a stated principal amount of $1,000 per note and a fixed interest rate of 4.90% per year. Interest is paid semi-annually on June 17 and December 17, starting June 17, 2026, using a 30/360 day count convention.
Beginning December 17, 2027, Citigroup may redeem the notes in whole at 100% of principal plus accrued interest on quarterly redemption dates. The notes are intended to qualify as TLAC-eligible debt, meaning in a Citigroup bankruptcy losses would be borne by shareholders first and then unsecured creditors, including holders of these notes. A wholly owned subsidiary may assume Citigroup’s obligations, with Citigroup guaranteeing payments, which can affect default rights.
The notes will not be listed on any securities exchange. Citigroup Global Markets Inc. acts as underwriter, receiving an underwriting fee of up to $17 per note, with issue prices generally at $1,000 per note, and between $983 and $1,000 for certain institutional or fee-based accounts. Net proceeds are for general corporate purposes and related hedging activities.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Autocallable Phoenix Securities linked to NIKE, Inc. common stock. The notes have a total size of $12,000,000 and a denomination of $1,000 per security, maturing on December 17, 2026 unless called earlier.
Investors may receive a contingent coupon of 1.6084% of principal on each valuation period if NIKE’s share price is at or above the coupon barrier of $54.192, which is 80% of the initial share price of $67.74. Missed coupons can be paid later if the barrier is met on a subsequent date. If NIKE closes at or above the initial share price on any interim valuation date, the notes are automatically redeemed for $1,000 plus the applicable coupon.
If the notes are not called and the final share price is at or above the final barrier of $54.192, investors receive principal plus all due coupons. If the final price is below the barrier, repayment is reduced according to a formula with a 20% buffer and a buffer rate of 125%, and investors can lose most or all of their principal and any unpaid coupons. The notes will not be listed on an exchange, their estimated value at pricing is $999.30 per note, and non-U.S. holders may face 30% withholding on coupon payments.
Citigroup Inc. is offering unsecured senior Callable Range Accrual Notes linked to the 10-year constant maturity Treasury (CMT) rate, scheduled to mature on December 24, 2035 unless redeemed earlier. Each note has a stated principal amount of $1,000 and pays variable quarterly coupons that depend on how often, within each period, the 10-year CMT rate stays within a range of 0.00% to 5.00%.
When the accrual condition is met every day in a period, the coupon can reach a contingent rate of 9.00% per annum; if the condition is never met, the coupon is 0.00%. Citigroup may redeem the notes in whole on any interest payment date on or after December 24, 2026 at 100% of principal plus accrued interest. The notes will not be listed on any exchange, are intended to qualify as TLAC-eligible debt, and carry the full credit and structural risks of Citigroup, including potential impact from successor issuers and reliance on an affiliated calculation agent.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable barrier securities linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and Utilities Select Sector SPDR® ETF, maturing December 17, 2029. Each security has a $1,000 stated principal amount and pays no interest.
The notes can be automatically redeemed early on valuation dates in 2026–2027 if the worst-performing underlying is at or above its initial value, paying $1,000 plus premiums of 15.75%, 19.6875%, 23.625% or 27.5625%, depending on the call date. If not redeemed, at maturity investors get upside participation of 150% of any gain in the worst-performing underlying, full principal back if that underlying is between 70% and 100% of its initial level, and a 1-for-1 loss below the 70% barrier, potentially losing their entire investment.
The securities are unsecured, unsubordinated obligations 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 issue price is $1,000 per security, with an underwriting fee of up to $37.50 and per-security proceeds to the issuer of $962.50; the estimated value on the pricing date is $917.80, reflecting structuring and hedging costs. The product entails complex risks, including multi-underlying “worst-of” exposure, path dependency around valuation dates, and uncertain U.S. tax treatment treated as a prepaid forward contract.
Citigroup Global Markets Holdings Inc. is offering $12,467,000.00 of unsecured autocallable securities linked to the worst of the iShares MSCI EAFE ETF and the Russell 2000 Index, fully and unconditionally guaranteed by Citigroup Inc. Each $1,000.00 security pays no interest and may be automatically redeemed on June 12, 2026, December 14, 2026 or June 14, 2027 for $1,000.00 plus a premium of 5.90%, 11.80% or 17.70%, respectively, if the worst performing underlying on that date is at or above its initial value.
If not called, at maturity on June 17, 2027 you receive $1,000.00 plus a 17.70% premium if the worst underlying is at or above its initial value, $1,000.00 if it is below its initial value but at or above its final buffer value, which is 80.00% of its initial value, and a reduced amount if it falls below that 20.00% buffer. Losses beyond the buffer are magnified by a 1.25 buffer rate, up to full loss of principal. The securities are not listed, can be hard to sell, have an estimated value of $986.00 per $1,000.00 at pricing, expose investors to foreign, small-cap, currency and Citigroup credit risks, and involve complex U.S. tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable barrier securities linked to the S&P 500® Index, maturing on December 19, 2028. Each security has a $1,000 stated principal amount, with total proceeds to the issuer of $591,000 on a $600,000 offering.
The notes do not pay interest, are subject to Citigroup credit risk, and will be automatically redeemed at a premium if on a valuation date before maturity the index closes at or above the initial level of 6,901.00. Premiums are 8.25% in 2026, 16.50% in 2027 and 24.75% at final observation. If held to maturity and the index is at or above the initial level, investors receive $1,000 plus the greater of the final premium or a leveraged upside return at a 150% participation rate.
If the final index level is below the initial but at or above the 70.00% barrier of 4,830.70, investors receive only their $1,000 principal. Below the barrier, repayment falls one-for-one with index losses, down to a possible total loss. The securities are unlisted, the estimated value at pricing is $970.50 per $1,000, and investors forgo all S&P 500® dividends.
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 on December 15, 2028.
The notes pay a contingent coupon of 2.625% per quarter (10.50% per annum) on each observation date only if the worst-performing index closes at or above 70% of its initial level. Citigroup may redeem the notes early on specified dates at $1,000 per security plus any due coupon, capping future income.
At maturity, if not called and 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 the index loss, potentially to zero. The securities are unsecured, unlisted, have an estimated value of $994.60 per $1,000 at pricing, carry significant market, issuer credit and liquidity risk, and have complex and uncertain U.S. tax treatment, including possible 30% withholding for non‑U.S. holders.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering unsecured callable contingent coupon equity-linked securities tied to the worst performer of the Russell 2000® Index and the S&P 500® Index, maturing December 15, 2028. Each security has a $1,000 stated principal amount and may pay a contingent coupon of 2.20% per quarter (an annualized 8.80%) if, on each valuation date, the worst performing index is at or above 70% of its initial level.
If the securities are not called and, on the final valuation date, 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, repayment is reduced one-for-one with the index loss, down to a possible zero return of principal. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon, and the notes will not be listed, so liquidity may be limited. The issue price is $1,000 per security versus an estimated value of $978.40, reflecting structuring, distribution and hedging costs.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering medium-term senior notes called Trigger Jump Securities linked to the worst performer of the EURO STOXX 50, Russell 2000 and TOPIX indices, maturing around January 2032. Each security has a stated principal amount of $1,000 and does not pay periodic interest.
Beginning about one year after issuance, the notes are auto-callable: if on any valuation date the worst-performing index is at or above its initial level, investors receive $1,000 plus a preset premium (starting at 13.700% of principal and stepping up over time) and the notes terminate. If held to maturity and the worst-performing index is at or above its initial level, investors receive $1,000 plus an 82.200% premium; if it is below its initial level but at or above 80% of that level, they receive only the $1,000 principal.
If at maturity the worst-performing index is below 80% of its initial level, repayment is reduced 1-for-1 with the index loss, potentially down to $0, meaning a substantial or total loss of principal. The notes will not be listed, may have limited liquidity, and the estimated value on the pricing date is expected to be at least $889 per $1,000, below the issue price, reflecting underwriting, selling and structuring fees.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable notes linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER. Each security has a $1,000 stated principal amount, pays no interest and may be automatically redeemed on scheduled valuation dates if the index is at or above its initial level, returning $1,000 plus a fixed premium that starts at 20.90% on December 30, 2026 and steps up to 209.00% by December 26, 2035.
If the notes are not called, maturity payment depends on the final index level: full principal plus the 209.00% premium if the index is at or above its initial level; principal only if it is below the initial level but at or above a barrier set at 50.00% of the initial level; and 1‑for‑1 downside exposure to index losses if the final level is below the barrier, with no minimum repayment. The offering highlights significant risks, including loss of some or all invested principal, lack of liquidity, the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the complexity and high risk of the underlying index, which can use leverage up to 500% and applies a 6% per annum decrement. The index’s closing value on December 12, 2025 was 507.9873, and over the last year it returned -4.64% versus 12.83% for the S&P 500® Index.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, maturing on December 31, 2035. Each security has a $1,000 stated principal amount and pays a contingent coupon of 2.70% per quarter (10.80% per annum) only if, on the relevant valuation date, the index is at or above 50% of its initial level. Beginning December 31, 2026, the notes may be automatically redeemed on specified dates at $1,000 plus the coupon if the index is at or above its initial level, which can cut off future coupons.
If the notes are not called and the final index level is below 50% of its initial level, investors lose 1% of principal for each 1% index decline, up to a total loss. The underlying index is complex and risky, using up to 500% leveraged exposure to S&P 500 futures, a 35% volatility target and a 6% per annum decrement, and may significantly underperform the S&P 500® Index. The notes are not listed, are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have an estimated value on the pricing date expected to be at least $850 per $1,000 note, and carry complex U.S. tax and potential 30% withholding implications for non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing Autocallable Phoenix Securities linked to the common stock of Advanced Micro Devices, Inc. (AMD), maturing in January 2027. Each security has a stated principal amount of $1,000 and may pay a contingent coupon of 5.70% of principal on scheduled dates if AMD’s share price is at or above a coupon barrier set at 75% of the initial share price.
The notes can be automatically redeemed early on interim valuation dates if AMD’s closing price is at least the initial share price, returning $1,000 plus the applicable coupon and any unpaid coupons. If the notes are not called and the final share price is at or above the same 75% final barrier, investors receive $1,000 plus the final contingent coupon (including any unpaid coupons). If the final share price falls below the final barrier, repayment is reduced according to a formula with a 25% buffer, and investors can lose most or all of their principal.
The securities are unsecured obligations of Citigroup Global Markets Holdings Inc., not listed on any exchange and lack principal protection. The per-security issue price is $1,000, while Citigroup estimates the value on the pricing date will be at least $935. An underwriting fee of $10 per security is paid to Citigroup Global Markets Inc., and the tax treatment is complex and uncertain, with potential 30% withholding on coupon payments to certain non‑U.S. investors.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000 face-value Autocallable Contingent Coupon Equity Linked Securities tied to Marvell Technology, Inc. stock, maturing December 22, 2027. The notes pay a contingent coupon of 3.75% per quarter (15.00% per annum) only if Marvell’s closing value on each valuation date is at or above a coupon barrier set at 57.00% of the initial share price; missed coupons can be paid later if the barrier is subsequently met. Starting June 17, 2026, the notes are automatically called if Marvell’s value is at or above its initial level, paying $1,000 plus due coupons.
If not called and the final share value is below the 57.00% final barrier, investors receive Marvell shares (or cash equivalent) worth less than $1,000 and could lose their entire investment, with no minimum repayment. The securities are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed, and may have limited liquidity. The estimated value on the pricing date is expected to be at least $905.50 per security, below the $1,000 issue price, reflecting fees, hedging costs and Citi’s internal funding rate.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering principal-at-risk contingent income callable securities linked to the S&P 500® Index. Each security has a stated principal amount of $1,000 and pays a 2.00% quarterly contingent coupon (8.00% per annum) only if, on the relevant valuation date, the index closes at or above 80.00% of its initial level, the coupon barrier.
The notes are callable in whole by the issuer on quarterly dates starting about three months after issuance, at $1,000 plus any due coupon, which can limit the maximum term. If the securities are not redeemed early and the final index level is at or above 80.00% of the initial level, investors receive $1,000 per security plus any final coupon. If the final index level is below this downside threshold, repayment is reduced one-for-one with the index decline, and the amount repaid can be significantly less than $800 and may be zero.
The issue price is $1,000 per security, including a $15.00 underwriting fee, of which $10.00 is a selling concession and $5.00 a structuring fee. Citigroup currently expects the estimated value on the pricing date to be at least $925.50 per security. The notes will not be listed on any exchange, may trade at a discount in any secondary market, and involve complex U.S. federal tax and withholding considerations, including possible 30% withholding on coupons for certain non‑U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured medium-term senior autocallable securities linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, scheduled to mature on December 31, 2035 unless called earlier. Each security has a $1,000 stated principal amount, pays no interest and can be automatically redeemed on scheduled valuation dates starting in 2026 if the index closing value is at or above its initial level, paying $1,000 plus a fixed premium that begins at 19.00% of principal and steps up over time to 190.00% on the final valuation date.
If the securities are not called and at maturity the index is at or above 60.00% of its initial level, investors receive $1,000 plus the premium for the final valuation date; if it is below that barrier, they receive $1,000 plus $1,000 times the index return, giving 1-to-1 downside exposure and the possibility of losing their entire investment. The underlying index is described as highly risky, with up to 500% leveraged exposure to S&P 500 futures, an implicit financing cost and a 6% per annum decrement that can significantly drag on performance. The notes will not be listed, secondary liquidity may be limited, all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., the issue price is $1,000 including a $50 underwriting fee, and the estimated value on the pricing date is expected to be at least $850 per security.
Citigroup Global Markets Holdings Inc. is issuing principal-at-risk medium-term senior notes, Series N, linked to the 7-year GBP SONIA ICE swap rate (SONIA CMS7), fully and unconditionally guaranteed by Citigroup Inc. Each security has a £1,000 stated principal amount, an issue price of 100.00% of principal, and is scheduled to mature on March 18, 2026, using a valuation date of March 16, 2026.
At maturity, holders receive a sterling payment tied to the SONIA CMS7 rate versus a 3.819% strike. If the rate on the valuation date is at or above the strike, the payment equals the maximum of £1,240.04167 per security, a 24.004167% total return. If it is below the strike, the amount decreases according to a specified formula, but not below the minimum of £240.04167, resulting in a possible total return as low as -75.995833%.
The securities will not be listed on any securities exchange, and liquidity will depend on Citigroup Global Markets Inc., which is not obligated to maintain a market or provide bid prices. Citigroup currently expects the estimated value on the pricing date to be between £970.00 and £1,000.00 per security, reflecting internal funding and hedging assumptions. The documentation highlights complex U.S. federal tax treatment, with the securities expected to be treated as prepaid financial contracts, and notes specific suitability and prohibited-transaction considerations for plans subject to ERISA and similar rules.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity linked securities tied to Advanced Micro Devices, Inc. stock in $1,000 denominations, scheduled to mature on January 3, 2029. The notes pay a contingent coupon of at least 3.375% of principal per period (equivalent to at least 13.50% per year) only when AMD’s closing price on the prior valuation date is at or above a coupon barrier set at 60% of its initial value, with missed coupons potentially paid later if the barrier is met on a future valuation date.
The securities can be automatically redeemed on specified dates starting June 29, 2026 if AMD’s closing value is at or above its initial level, returning $1,000 per note plus the applicable coupon and any unpaid coupons, which would end further income. If not called and AMD’s final value is at or above the 60% final barrier, investors receive full principal; below that level, repayment is reduced in proportion to AMD’s decline and can fall to zero. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, may have limited or no secondary market, and have an estimated value on the pricing date expected to be at least $884 per $1,000 note, lower than the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Trigger Autocallable Contingent Yield Notes linked to the N Nasdaq‑100, Russell 2000 and S&P 500 indices. The notes pay a quarterly contingent coupon of 8.60% per annum (or $0.215 per $10 note) only if the least performing index on each valuation date is at or above 70% of its initial level. Starting March 12, 2026, if the least performing index is at or above its initial level on a valuation date, the notes are automatically called and return the $10 principal plus that period’s coupon.
If the notes are not called, at maturity on December 14, 2028 investors receive $10 plus the final coupon only if the least performing index is at or above its 70% downside threshold; otherwise repayment is reduced in line with that index’s loss, down to a possible 100% loss of principal. The notes are unsecured obligations, fully guaranteed by Citigroup Inc., with an issue price of $10 per note and a total offering of $3,000,000. The estimated value at pricing is $9.744 per note, they are not exchange‑listed, and secondary liquidity may be limited.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing 5-year Citi Green Bond Trigger GEARS notes at $10 per security, for an aggregate offering of $3,000,000. The notes are linked to an unequally 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%).
If the basket return at maturity is positive, investors receive $10 plus the basket return multiplied by 1.49. If the basket return is zero or negative but the final basket level is at or above 75% of the initial basket level, investors receive their $10 principal back. If the final basket level is below this downside threshold, repayment is $10 × (1 + basket return), giving full exposure to losses and the potential for a total loss.
The securities pay no coupons, do not pass through dividends from index constituents, are unsecured and unsubordinated, and carry the credit risk of both the issuer and guarantor. Net proceeds are earmarked for financing or refinancing assets that meet Citigroup’s Green Bond Eligibility Criteria under its Green Bond Framework.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities due December 24, 2030, linked to the worst performer of the Russell 2000® Index, the S&P 500® Index and the VanEck® Semiconductor ETF.
Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 0.6667% of principal per period (equivalent to a contingent coupon rate of approximately at least 8.00% per annum) when the worst-performing underlying on the relevant valuation date is at or above 55.00% of its initial value. If the worst-performing underlying on certain scheduled dates is at or above its initial value, the notes are automatically called at $1,000 plus the coupon.
If the notes are not called and on the final valuation date the worst-performing underlying is below 60.00% of its initial value, principal is reduced one-for-one with that decline, and repayment can be far below $1,000, potentially zero. The securities are unsecured, not listed, carry 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 $877.00 per security versus the $1,000.00 issue price, reflecting an underwriting fee of up to $41.25 and structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $12,000,000 of Autocallable Phoenix Securities linked to NIKE, Inc. common stock. Each note has a $1,000 principal amount and matures on December 16, 2026, unless redeemed earlier.
The notes pay a contingent coupon of 1.5334% of principal on scheduled dates only if NIKE’s share price is at or above the coupon barrier of $52.632, which is 80% of the initial share price of $65.79. If on any interim valuation date NIKE closes at or above the initial share price, the notes are automatically called at $1,000 plus the due coupon, ending future payments.
If not called, and NIKE’s final price is at or above the $52.632 final barrier, holders get $1,000 plus any due coupon. If the final price is below the barrier, principal is reduced using a 20% buffer and a 125% downside rate, and investors can lose most or all of their investment. The notes are not listed, the estimated value at pricing was $997.50 per $1,000, and they carry issuer and guarantor credit risk as well as complex tax and withholding considerations.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Upturn Securities linked to United Parcel Service, Inc. (UPS), each with a stated principal amount of $1,000 and maturing on March 16, 2027.
At maturity, if the UPS share price (final underlying value) is above the initial value of $100.48, investors receive $1,000 plus a return calculated at a 500.00% upside participation rate, capped at a maximum return of $364.40 per security (a total of 36.44%). If the final value is at or below the initial value, investors receive a fixed number of UPS Class B shares based on an equity ratio of 9.95223 (or, at the issuer’s election, their cash value), which can result in a significant loss, up to a total loss of principal.
The securities will not be listed on any exchange, and liquidity will rely on the underwriter, Citigroup Global Markets Inc. The total offering size is $906,000.00, with an underwriting fee of $25.00 per security and an initial estimated value of $953.80 per security, reflecting hedging and funding costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon equity-linked securities tied to the worst performing of the iShares Silver Trust (SLV) and VanEck Gold Miners ETF (GDX), maturing November 29, 2028.
The notes have a stated principal of $1,000, pay a contingent coupon of 0.5833% per month (approximately 7.00% per year) only if on each valuation date the worst performer is at or above 65% of its initial value, and may be automatically called from June 23, 2026 onward if the worst performer is at or above its initial value.
At maturity, if not called and the worst performer is at or above 80% of its initial value, investors receive $1,000; below that level, principal is reduced so losses can be substantial. The securities are not listed, carry the credit risk of Citigroup entities, and have an estimated value on the pricing date expected to be at least $883 per $1,000 issue price, reflecting fees, hedging costs and internal funding assumptions.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured autocallable contingent coupon equity-linked securities tied to the worst of the Nasdaq-100 Technology Sector Index, the Energy Select Sector SPDR Fund and the VanEck Semiconductor ETF.
Each $1,000 security pays a 0.875% contingent coupon per period (10.50% annualized) only when the worst-performing underlying is at or above 70% of its initial value on the relevant valuation date, and can be automatically called from March 2026 onward if that worst underlying is at or above its initial level.
If not called and the worst underlying finishes at or above 60% of its initial value, investors receive $1,000; below 60%, repayment falls one-for-one with the decline and can be zero. The notes are not exchange-listed, carry full issuer and guarantor credit risk, and their initial estimated value of $959 per $1,000 is below the $1,000 issue price on a $1,429,000 total offering.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,000 autocallable contingent coupon equity-linked securities due December 21, 2027, linked to the worst performer of Dell Technologies Inc., Pan American Silver Corp. and Sandisk Corporation. On each contingent coupon payment date, investors receive a contingent coupon of at least 7.50% of principal (a 30.00% annual rate) only if the worst-performing stock on the prior valuation date is at or above 50% of its initial value, with previously missed coupons repaid later if this condition is met.
If the notes are not called early and, on the final valuation date, the worst-performing stock is at or above 50% of its initial value, investors receive $1,000 back; if it is below that level, repayment falls to $1,000 plus $1,000 times its price return, which can mean a large loss or total loss of principal. The securities may be automatically redeemed on specified dates if the worst-performing stock is at or above its initial level, paying $1,000 plus the relevant coupon. They are unsecured, not listed, and subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per note, including a $40 underwriting fee, with $960 in proceeds to the issuer and an expected estimated value on the pricing date of at least $850 per security, below the issue price.
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 Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index, maturing on September 13, 2030. Each security has a $1,000 stated principal amount and may pay a contingent coupon of 0.5125% per month (a 6.15% annual rate) when the worst-performing index on a valuation date is at or above 75% of its initial value. The notes can be automatically called from December 10, 2026 onward if the worst-performing index is at or above its initial level, returning $1,000 plus the applicable coupon.
If not called, principal is repaid at maturity only if the worst-performing index on the final valuation date is at or above 65% of its initial value; otherwise repayment is reduced one-for-one with that index’s decline and can fall to zero. The securities will not be listed on an exchange, carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and have an estimated value of $952.20 per $1,000 issue price after allowing for an underwriting fee of up to $37.50 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable structured notes linked to the worst performer of the EURO STOXX 50® Index and the Russell 2000® Index, with a stated principal amount of $1,000 per security and no interest payments.
The notes may be automatically redeemed early if, on a valuation date before maturity, the worst performing index is at or above its initial value, paying $1,000 plus a fixed premium of at least 11.50% in 2026, 23.00% in 2027 or 34.50% at the final valuation in 2028. If held to maturity without early redemption, investors receive principal plus the final premium if the worst index stays at or above 90% of its initial value, par only if it stays at or above 70% but below 90%, and a 1‑for‑1 loss below 70%, potentially losing their entire investment.
The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., will not be listed on any exchange, do not provide dividends or voting rights, and have an estimated initial value of at least $917.50 per note versus a $1,000 issue price, reflecting structuring, hedging costs and dealer compensation.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured structured notes linked to the worst-performing of Broadcom Inc. and Alphabet Inc. Each note has a $1,000 principal amount and may pay a quarterly contingent coupon at an annual rate of at least 18.45%, but only if the lower of the two stocks on each calculation day is at or above 60% of its starting value.
From March 2026 through September 2028, the notes are subject to automatic early redemption at par plus the coupon if the worst-performing stock is at or above its starting value. If not called, principal is protected at maturity only if the worst-performing stock is at or above 60% of its starting value; otherwise, repayment is reduced one-for-one with that stock’s decline and can fall to zero. Investors do not receive dividends or upside from either stock and face both full downside market risk (below the threshold) and the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., as well as limited liquidity and complex U.S. tax and withholding treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Enhanced Barrier Digital Securities linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on June 14, 2027. Each security has a $1,000 stated principal amount and offers a fixed $130 digital return (13% of principal) at maturity if the worst performing index finishes at or above 70% of its initial level.
If the worst performing index ends below 70% of its initial level, repayment is reduced 1-for-1 with the index loss, and investors can lose their entire investment. The notes pay no interest, provide no dividends from the indices, and are not listed on any exchange, so liquidity may be limited. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per security, compared with an estimated value of $981.60, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc. is offering unsecured, unsubordinated Trigger GEARS securities, fully and unconditionally guaranteed by Citigroup Inc., with a $10 stated principal amount and a term of about five years, maturing on December 16, 2030. The return is linked to an unequally 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%).
If the basket return is positive, investors receive $10 plus the basket return multiplied by upside gearing of 1.45 to 1.49. If the basket return is zero or negative but the final basket level is at or above the 75% downside threshold, they receive $10 back. If the basket return is negative and the final basket level falls below the threshold, repayment is reduced in line with the basket loss, and investors can lose their entire investment.
The estimated value on the trade date is expected to be at least $9.195 per security versus the $10.00 issue price, and the underwriting discount is $0.35 per security. An amount equal to the net proceeds will be allocated exclusively to finance or refinance Eligible Green Assets under Citigroup’s Green Bond Framework, with ongoing portfolio and impact reporting.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering medium-term autocallable contingent coupon equity-linked securities tied to the Nasdaq-100 Futures 35% Edge Volatility 6% Decrement™ Index ER, due in December 2032. Each security has a $1,000 stated principal amount. Investors may receive a monthly contingent coupon of 1.4167% of principal (about 17.00% per year) only when the index closes at or above 70% of its initial value on the relevant valuation date.
If the notes are not called and the final index value is at least 60% of the initial value, principal is repaid at maturity; below this barrier, repayment is reduced one-for-one with the index decline and can fall to zero. The notes can be automatically redeemed at par, plus any due coupon, on or after December 26, 2028 if the index closes at or above its initial value, which would stop future coupons. The securities will not be listed, carry significant market and issuer credit risk, and feature complex index mechanics and U.S. tax treatment, including potential 30% withholding for some non-U.S. investors.
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, the Russell 2000 Index and the S&P 500 Index, maturing on December 24, 2031.
The notes pay a contingent coupon of 2.1625% of the $1,000.00 stated principal amount (an 8.65% annual rate) on each contingent coupon payment date only if the worst performing index on the prior valuation date is at or above its coupon barrier value, set at 70.00% of its initial level. The notes may be automatically redeemed at $1,000.00 plus the coupon on specified potential autocall dates if the worst performer is at or above its initial level.
If the notes are not called and the worst performing index finishes below 60.00% of its initial level at maturity, holders lose 1% of principal for every 1% decline, up to a total loss, and receive no coupon. The securities are unsecured, will not be listed on any exchange, and their estimated value on the pricing date is expected to be at least $922.00 per $1,000.00 security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable notes linked to the worst performer of the iShares MSCI EAFE ETF and the Russell 2000 Index, maturing in June 2027. The notes pay no interest and have a stated principal amount of $1,000 per security.
The notes can be automatically redeemed early if, on a valuation date, the worst performing underlying is at or above its initial value, returning principal plus a fixed premium of at least 5.90% in June 2026, 11.80% in December 2026, or 17.70% at final maturity. If held to maturity and not called, principal is fully repaid with the final premium if the worst performer finishes at or above its initial value, and repaid at par if it is down but not below a 20.00% buffer.
If the worst performer falls more than the buffer, losses are magnified by a buffer rate of 1.25, and investors can lose up to all principal. The securities are not listed, carry 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 $930 per $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing June 21, 2027. Each security has a $1,000 stated principal amount and pays a contingent coupon of at least 0.7542% per month (about 9.05% per year) only if, on the relevant valuation date, the worst-performing index is at or above 70% of its initial value.
If the notes are not called and, on the final valuation date, the worst-performing index is at or above 60% of its initial value, investors receive $1,000 back (plus any final coupon). If it is below 60%, repayment is reduced 1% for each 1% decline, down to zero, so investors can lose their entire principal and all coupons. Citigroup may redeem the securities early at par plus any due coupon, the notes will not be listed on an exchange, and the estimated value on the pricing date is expected to be at least $898.50 per $1,000, reflecting selling, structuring and hedging costs. All payments 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 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 December 16, 2027. Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 0.8958% per month (about 10.75% per year) if, on each valuation date, the worst-performing index is at or above 70% of its initial level.
If the notes are not called and, on the final valuation date, the worst-performing index is at or above 70% of its initial value, investors receive $1,000 plus the final coupon. If it is below 70%, repayment is reduced one-for-one with the index loss, down to possible total loss of principal and no final coupon. Citigroup can redeem the notes early on specified dates at $1,000 plus any due coupon, capping future income.
The securities will not be listed, may have limited liquidity, and 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 $936.50 per $1,000, below the issue price, reflecting structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $1,000-denomination autocallable contingent coupon equity-linked securities tied to the worst performer of Chipotle Mexican Grill, Etsy and Oracle, maturing December 13, 2028 unless called earlier. The notes pay a contingent coupon of 1.5833% per month (about 19.00% per year) only if, on each valuation date, the worst-performing stock is at or above 50% of its initial value; missed coupons may be paid later if the barrier is subsequently met. The notes can be automatically redeemed starting June 8, 2026 if the worst-performing stock is at or above its initial value, returning $1,000 plus the applicable coupon. If not called and, on the final valuation date, the worst-performing stock is below 50% of its initial value, repayment of principal is reduced one-for-one with the stock loss, down to zero, so investors may lose their entire investment. The securities will not be listed, carry full credit risk of the issuer and guarantor, and have an estimated value of $960.80 per $1,000 versus a $1,000 issue price on a total size of $250,000.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable contingent coupon securities linked to the worst performer of the Nasdaq-100 Index and the S&P 500 Index, with a stated principal of $1,000 per security and a total issue price of $2,674,000.
The notes pay a 0.6917% contingent coupon each month (about 8.30% per year) only if on each valuation date the worst-performing index is at or above 70.00% of its initial value; otherwise no coupon is paid. Beginning in December 2026, the notes are automatically redeemed at $1,000 plus the coupon if on a potential autocall date the worst-performing index is at or above its initial level.
If the notes are not called and on the final valuation date the worst-performing index is below 70.00% of its initial value, repayment of principal is reduced one-for-one with the index loss, with no minimum, so investors can lose most or all of their investment. The securities are not listed, may have limited liquidity, carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and have an estimated value of $988.80 per $1,000 issue price.