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 market‑linked securities tied to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, maturing on October 31, 2035.
The notes pay a contingent coupon of at least 2.25% per quarter (at least 9.00% per annum) if the underlying’s closing value on the prior valuation date is at or above the coupon barrier of 80% of the initial value. They are automatically called if the underlying is at or above its initial value on any listed potential autocall date, in which case holders receive $1,000 plus the coupon. If not called, payment at maturity is the $1,000 stated principal plus any final coupon, subject to the credit risk of the issuer and guarantor.
Issue price is $1,000 per note; the underwriting fee is up to $43 and proceeds to issuer are $957 per note. The issuer expects an estimated value of at least $850 on the pricing date. The securities will not be listed. The underlying employs a 40% volatility target, can use leverage up to 500%, and applies a 6% per annum decrement, which can materially weigh on performance.
Citigroup Global Markets Holdings Inc. filed a preliminary 424(b)(2) for Autocallable Contingent Coupon Equity Linked Securities tied to Tesla, Inc., due November 1, 2028, fully and unconditionally guaranteed by Citigroup Inc. The notes may pay a contingent coupon of at least 4.15% per quarter (equivalent to at least 16.60% per annum) if on each valuation date TSLA closes at or above the coupon barrier value.
The securities are autocallable on specified dates if TSLA’s closing value is greater than or equal to the initial underlying value; if called, holders receive $1,000 plus the related coupon. If not called, maturity payoff is $1,000 if the final value is at or above the final barrier (60% of initial); otherwise, it equals $1,000 + ($1,000 × underlying return), which can be significantly less than $1,000 and may be zero. The notes are not listed and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Per-security economics: Issue price $1,000, underwriting fee $40, and proceeds to issuer $960. The issuer currently expects an estimated value of at least $888.50 per security on the pricing date.
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, due October 25, 2029. The notes pay a contingent coupon of at least 6.75% per annum (≥0.5625% per period) only if, on each valuation date, the worst-performing index closes at or above its coupon barrier, set at 70% of its initial value.
The issuer may redeem the notes in whole on specified dates, paying $1,000 plus any due coupon. If not redeemed, at maturity investors receive $1,000 if the worst performer is at or above its final barrier (also 70% of initial). Otherwise, repayment is $1,000 plus $1,000 times the worst performer’s return, which can result in substantial loss, up to total loss. The notes are unsecured and subject to the credit risk of both issuers, will not be listed, and may have limited liquidity. Indicative economics include an issue price of $1,000, an estimated value of at least $900 per security on the pricing date, and an underwriting fee of up to $37.50 per security.
Citigroup Global Markets Holdings Inc. is offering Trigger Callable Yield Notes linked to the least performing of the Nasdaq-100 Index (NDX) and the Russell 2000 Index (RTY), fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a 9.40% per annum monthly coupon (e.g., $0.0783 per $10 note) and are callable at the issuer’s discretion on any monthly coupon date beginning approximately three months after issuance. If not called, at maturity on January 15, 2027 you receive the $10 principal plus the final coupon if the least performing index is at or above its 70% downside threshold; otherwise, repayment is reduced proportionally to the decline, up to a full loss.
Per-note economics: Issue price $10.00, proceeds to issuer $9.90, and an underwriting discount $0.10. The issuer estimates a value of at least $9.755 per note on the trade date. Initial levels and thresholds: NDX 24,579.32 (threshold 17,205.52) and RTY 2,495.499 (threshold 1,746.849). Payments depend on the creditworthiness of the issuer and guarantor.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., filed a 424(b)(2) preliminary pricing supplement for Callable Contingent Coupon Equity Linked Securities due October 20, 2028, linked to the worst performer of the Nasdaq-100, Russell 2000, and S&P 500 indices.
The notes pay a contingent coupon of at least 10.10% per annum (paid quarterly at at least 2.525% per period) if, on the prior valuation date, the worst-performing index is at or above its coupon barrier of 70% of initial value. At maturity, if not called, principal is repaid only if the worst performer is at or above its final barrier of 60% of initial value; otherwise, repayment is reduced 1-for-1 with the index decline, potentially to zero. The issuer may call the notes in whole on specified quarterly dates, paying $1,000 plus any due coupon.
Key terms include a $1,000 stated principal amount per security, pricing on October 17, 2025, issue on October 22, 2025, and quarterly valuation dates through October 17, 2028. The securities are unsecured, subject to the credit risk of Citigroup and its guarantor, will not be listed, and carry an underwriting fee of up to $6.50 per security (minimum proceeds to issuer $993.50). The estimated value on the pricing date is expected to be at least $937.00 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, the Russell 2000 Index, and the Utilities Select Sector SPDR Fund, due October 27, 2028.
The notes have a $1,000 stated principal per security, price on October 24, 2025, and issue on October 29, 2025. They pay a contingent coupon of at least 0.9042% per month (approximately at least 10.85% per annum), only if on the relevant valuation date the worst‑performing underlying is at or above its coupon barrier, set at 70% of its initial value. The issuer may call the notes, in whole, on specified monthly dates, paying $1,000 plus any due coupon.
If not called, at maturity holders receive $1,000 if the worst performer is at or above its 70% final barrier; otherwise, they receive $1,000 plus the underlying return of that worst performer, which can reduce repayment significantly, potentially to zero. The notes will not be listed, carry the credit risk of the issuer and guarantor, and have an estimated value on pricing of at least $921 per security. CGMI acts as underwriter/principal; selected dealers may receive up to $5.00 per security, and certain service providers up to $4.50 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable Contingent Coupon Equity Linked Securities tied to the worst performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, due November 3, 2028.
The notes pay a contingent coupon of at least 8.60% per annum (at least 4.30% per period) on $1,000 denominations if, on each valuation date, the worst performing index closes at or above its coupon barrier, set at 60% of its initial value. The issuer may call the notes on specified dates, redeeming at $1,000 plus any coupon.
If not called, at maturity holders receive $1,000 if the worst performing index is at or above its final barrier (60% of initial). Otherwise, the payout equals $1,000 + ($1,000 × underlying return of the worst performer), which can be significantly less than $1,000 and may be zero. The notes are unsecured, not listed, and subject to the credit risk of the issuer and guarantor. The estimated value on the pricing date is expected to be at least $934.50 per security. Non-U.S. investors may face 30% withholding on coupon payments.
Citigroup Global Markets Holdings Inc. is offering unsecured, bearish market‑linked notes tied to the Nasdaq‑100 Index, fully and unconditionally guaranteed by Citigroup Inc. The notes are due January 25, 2027 (pricing date October 20, 2025; issue date October 23, 2025; valuation date January 20, 2027), with a stated principal of $1,000 per note.
At maturity, you receive $1,000 if the index is flat or higher. If the final index value is below the initial value, you receive $1,000 plus a return amount equal to $1,000 × the absolute value of the index return × a 100% participation rate, capped by a maximum return at maturity of at least $159.50 per note. The payment will not exceed $1,000 plus the maximum return.
The notes will not be listed on an exchange. Citigroup currently expects an estimated value of at least $943.50 per note on the pricing date. Investors will not receive dividends on the index. CGMI acts as principal in the distribution and will not receive an underwriting fee; the offering is guaranteed by Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured callable contingent coupon equity-linked securities tied to the worst performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index. The notes pay a contingent coupon of at least 0.9583% per month (approximately 11.50% per annum), only if the worst-performing index on the prior valuation date is at or above its coupon barrier set at 70% of its initial value. The issuer may redeem the notes in whole on specified dates for $1,000 per security plus any due coupon.
If not redeemed, the notes mature on April 23, 2027. At maturity, investors receive $1,000 per security if the worst-performing index is at or above its final barrier (70% of initial); otherwise, they receive $1,000 plus $1,000 times that index’s return, which can result in a significant loss, up to total loss. The notes will not be listed. The estimated value on the pricing date is expected to be at least $929 per security, below the $1,000 issue price. CGMI acts as underwriter (no underwriting fee); selected dealers may receive up to $3.75 per security, and other service providers up to $3.50 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., filed a 424(b)(2) preliminary pricing supplement for callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq‑100, Russell 2000, and S&P 500. The notes target a contingent coupon rate of at least 7.35% per annum if, on each valuation date, the worst-performing index closes at or above its coupon barrier (60% of its initial value).
The securities may be called on specified dates, paying $1,000 plus any due coupon. If not called, they mature on November 3, 2028. At maturity, investors receive $1,000 only if the worst-performing index is at or above its 60% final barrier; otherwise, repayment is reduced 1‑for‑1 with the index decline and can be zero. The notes do not pay dividends and do not participate in index upside.
Each security is issued at $1,000, with an underwriting fee of up to $15 and proceeds to the issuer of $985 per security. The estimated value on the pricing date is expected to be at least $919 per security. The notes are unsecured, subject to the credit risk of the issuer and guarantor, and will not be listed on any exchange.
Citigroup Global Markets Holdings Inc. filed a preliminary 424(b)(2) pricing supplement for unsecured senior Buffered Digital Equity‑Linked Notes linked to CoreWeave, Inc. Class A common stock (CRWV), fully and unconditionally guaranteed by Citigroup Inc. The notes do not pay interest and repay a variable amount at maturity based on the underlier’s performance from trade date to the determination date (expected in 13–15 months).
If the final underlier value is at least 75.00% of the initial value, holders receive a fixed threshold settlement amount expected between $1,369.60 and $1,433.70 per $1,000 note (a 36.96%–43.37% contingent return). If the underlier declines by more than the 25.00% threshold amount, repayment decreases by about 1.3333% of principal for each additional 1% decline, up to total loss.
The notes are 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. CGMI is underwriter and calculation agent. The estimated value on the trade date is expected between $949.20 and $969.20 per note, below the issue price, reflecting selling, structuring, and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., launched market-linked notes tied to an equally weighted basket of the Dow Jones Industrial Average and the EURO STOXX 50. Each note has a $1,000 stated principal amount, a pricing date of October 17, 2025, and matures on October 21, 2027. The payment at maturity equals the principal plus a return amount if the basket gains, based on a 100% upside participation rate, and is capped at a maximum return of $110 per note (11%).
If the final basket value is less than or equal to the initial value, investors receive only the $1,000 principal. The notes will not be listed on any exchange and do not pay dividends on the underlying indices. Citigroup currently expects an estimated value of at least $922.50 per note on the pricing date. CGMI is the underwriter, acting as principal, with an underwriting fee of up to $18.50 per note. For U.S. federal income tax purposes, counsel believes the notes should be treated as contingent payment debt instruments.
Citigroup Global Markets Holdings Inc. is offering unsecured, autocallable contingent coupon equity-linked securities tied to Target Corporation (TGT), fully and unconditionally guaranteed by Citigroup Inc. The notes are due November 1, 2028 and are issued at $1,000 per security. They pay a contingent coupon of at least 2.8125% per quarter (equivalent to at least 11.25% per annum) only if Target’s closing value on the applicable valuation date is at or above the coupon barrier, set at 60% of the initial value.
The notes may be automatically redeemed on specified potential autocall dates if Target’s closing value is at or above the initial value, returning $1,000 plus the coupon. If not called, maturity outcomes are binary: if the final value ≥ 60% of the initial, investors receive $1,000 (plus the final coupon if applicable); if the final value < 60%, the payoff equals $1,000 + ($1,000 × underlying return), which can be significantly less than principal, down to zero. The securities will not be listed and are subject to the credit risk of the issuer and guarantor. The underwriting fee is $40 per security (proceeds to issuer $960), and the issuer’s estimated value on the pricing date is expected to be at least $883 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (symbol C), is offering Autocallable Contingent Coupon Equity Linked Securities linked to United Parcel Service, Inc. (UPS), due November 1, 2028. These unsecured notes may pay a contingent coupon at an annualized rate of at least 11.15%, but only if UPS’s closing value on each valuation date is at or above the coupon barrier.
The notes can be automatically called on specified dates if UPS is at or above its initial value, returning $1,000 per note plus the related coupon. If not called and UPS finishes below the final barrier (each barrier set at 70% of the initial value), repayment of principal is reduced one-for-one with the decline, down to zero. Investors do not receive dividends or upside beyond coupons.
The securities will not be listed. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Per security economics: issue price $1,000, underwriting fee $40, and proceeds to issuer $960. The issuer currently expects an estimated value of at least $869.50 per security on the pricing date.
Citigroup Global Markets Holdings Inc. is offering unsecured, autocallable securities linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, guaranteed by Citigroup Inc. The notes pay no interest and may redeem early at a premium if, on a valuation date, the worst performer is at or above 90.00% of its initial value. If not redeemed, at maturity on November 5, 2030 you receive: principal plus a premium if the worst performer is at or above its 90.00% autocall barrier; principal only if it is below 90.00% but at or above the 75.00% final barrier; or a 1‑for‑1 loss if it is below the 75.00% final barrier.
Premiums (as a percentage of principal) are set on the pricing date and will be at least 8.00% on November 3, 2026, stepping up to 40.00% on October 31, 2030. Issue price is $1,000 per security, with an underwriting fee of up to $20.00 and proceeds to the issuer of $980.00 per security; selected dealers may also receive up to a $8.00 structuring fee. The estimated value on the pricing date is expected to be at least $924.00 per security. The notes will not be listed and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc. (guaranteed by Citigroup Inc.) filed a 424(b)(2) preliminary pricing supplement for callable contingent coupon equity-linked securities due September 22, 2027. The notes are linked to the worst performing of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index, with a stated principal amount of $1,000 per security. Contingent coupons equal to at least 0.875% per period (at least 10.50% per annum, set on the pricing date) are paid only if, on the relevant valuation date, the worst performing index closes at or above its coupon barrier of 70% of its initial value.
If not called, repayment at maturity depends on the worst performer: full principal is returned if its final value is at or above a 67% final barrier; otherwise, repayment is $1,000 plus $1,000 times the index return, which can result in substantial loss, up to zero. The issuer may redeem the notes in whole on specified dates, paying $1,000 plus any due coupon. The notes will not be listed. Estimated value on the pricing date is expected to be at least $935.50 per security. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (C), is offering unsecured Autocallable Equity Linked Securities tied to Advanced Micro Devices, Inc. (AMD), due October 13, 2028. The notes pay a quarterly coupon of 2.5% of principal (10.00% per annum) and may be automatically called on set dates if AMD’s closing value is at or above the initial value.
Each $1,000 note has an initial AMD value of $232.89 and a 60% barrier at $139.734. If not called, at maturity you receive $1,000 if AMD is at or above the barrier, otherwise $1,000 + ($1,000 × underlying return), which can be significantly less than principal and may be zero (excluding the final coupon). Potential autocall dates begin October 8, 2026 and continue quarterly through July 10, 2028. The notes are not listed and carry the credit risk of Citigroup entities. Issue price is $1,000 per security; underwriting fee up to $28; estimated value $938.60. Total offering is $2,475,000.
Citigroup Global Markets Holdings Inc. filed a preliminary 424(b)(2) for callable contingent coupon equity‑linked securities tied to Amazon.com, Inc., due October 21, 2027 and guaranteed by Citigroup Inc. The notes pay a contingent coupon of at least 12.55% per annum (paid only if AMZN’s closing value on each valuation date is at or above the 70% coupon barrier), and may be redeemed by the issuer on specified dates.
If held to maturity and the final AMZN value is at or above the 70% final barrier, investors receive $1,000 per note (plus any final coupon). If below the barrier, investors receive AMZN shares equal to the equity ratio (or, at the issuer’s option, cash based on that value), which can be significantly less than principal and could be zero.
Issue price is $1,000 per note, with an underwriting fee of up to $11 and per‑note proceeds to the issuer of $989. The estimated value is expected to be at least $930.50 per note on pricing. The notes are unsecured, subject to the credit risk of CGMHI and Citigroup Inc., and will not be listed.
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 Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, due October 24, 2030. The notes may pay a contingent coupon of at least 0.75% per period (at least 9.00% per annum) if, on each valuation date, the worst-performing index is at or above its coupon barrier, set at 70.00% of its initial value. At maturity, if not called, principal is repaid only if the worst performer is at or above its final barrier, set at 60.00% of its initial value; otherwise, repayment is reduced one-for-one with the index decline.
The issuer may redeem the notes in whole on specified dates, paying $1,000 plus any due coupon. The notes are not listed and carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Issue price is $1,000 per security, with an underwriting fee of up to $7.50 and per-security proceeds to the issuer of $992.50. The estimated value on the pricing date is expected to be at least $933.00 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 among the Russell 2000 Index, SPDR S&P Regional Banking ETF (KRE) and VanEck Semiconductor ETF (SMH), due October 20, 2028.
The notes may pay a contingent coupon of at least 1.0083% per month (approximately at least 12.10% per annum) if, on the relevant valuation date, the worst-performing underlying is at or above its coupon barrier set at 70% of its initial value. Principal is at risk below a final barrier set at 60% of initial; if the worst performer finishes below this level at maturity, repayment is reduced one-for-one with the decline, potentially to zero. The issuer may call the notes in whole on specified dates, paying $1,000 plus any due coupon.
The notes are not listed. Issue price is $1,000 per security, with an underwriting fee of up to $29.50 and per‑security proceeds to issuer of $970.50. The issuer currently expects an estimated value of at least $886 per security on the pricing date. All payments are subject to the credit risk of the issuer and guarantor.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., filed a preliminary 424(b)(2) pricing supplement for unsecured, autocallable securities linked to the worst performing of the Nasdaq‑100 Index and the S&P 500 Index, due October 20, 2028. The notes pay no interest and may be redeemed early if, on a valuation date, the worst performing index is at or above its initial level.
Each security has a $1,000 stated principal amount. If called, investors receive $1,000 plus a fixed premium set on pricing; the schedule is at least 4.30% on April 17, 2026, stepping up to 25.80% on October 17, 2028. If not called, maturity outcomes depend on the worst performer: at or above initial, $1,000 plus the final premium; below initial but at or above the 70% barrier, $1,000; below the barrier, repayment falls 1‑for‑1 with index decline.
The securities are not listed and carry the credit risk of the issuer and guarantor. Underwriting fee is up to $29.50 per security, with per‑security proceeds to the issuer of $970.50. The issuer expects an estimated value on the pricing date of at least $914.50 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, Russell 2000, and S&P 500. Each $1,000 security may pay a monthly contingent coupon of at least 0.7917% (approximately at least 9.50% per annum) if, on the prior valuation date, the worst-performing index is at or above its 70% coupon barrier.
The notes are callable in whole on specified dates; if called, holders receive $1,000 plus any due coupon. If not called, at maturity on April 27, 2029, holders receive $1,000 if the worst performer is at or above its 55% final barrier; otherwise, they receive $1,000 plus the index return of the worst performer, which can reduce repayment substantially and to zero. No dividends or upside participation apply.
The issue price is $1,000 per security, with an underwriting fee of up to $7.50 and proceeds to the issuer of $992.50 per security. The estimated value on the pricing date is expected to be at least $935. The securities will not be listed and are subject to the credit risk of the issuer and guarantor.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity‑linked securities tied to the worst performing of the Russell 2000 Index, the S&P 500 Index and the Utilities Select Sector SPDR Fund, due October 19, 2028. The notes pay a contingent coupon of at least 0.8333% per period (approximately 10.00% per annum, set on the pricing date) only if, on each valuation date, the worst performing underlying is at or above its coupon barrier (70% of its initial value). The issuer may redeem the notes on specified quarterly dates, paying $1,000 plus any due coupon.
At maturity, if not called, investors receive $1,000 per note if the worst performer is at or above its final barrier (65% of initial). Otherwise, repayment is reduced 1-for-1 with the underlying’s decline, potentially to zero. The issue price is $1,000, with an underwriting fee of up to $5 and proceeds to issuer of $995 per note. The estimated value on the pricing date is expected to be at least $929.50 per note. The securities will not be listed and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc. (C), unveiled preliminary terms for Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq‑100, Russell 2000, and S&P 500, due October 20, 2028.
Each $1,000 security may pay a contingent coupon of at least 0.8042% per period (approximately at least 9.65% per annum) if, on the prior valuation date, the worst performing index closes at or above its coupon barrier set at 70% of its initial value. The issuer may redeem the notes in whole on specified dates, paying $1,000 plus any due coupon.
At maturity, if not called, you receive $1,000 if the worst performer is at or above its final barrier of 60% of its initial value; otherwise, repayment is $1,000 plus the index return of the worst performer, which can result in substantial loss, up to zero. The notes are unsecured, subject to the credit risk of the issuer and guarantor, and will not be listed. The issuer expects an estimated value on pricing of at least $932.00 per $1,000 security.
Citigroup Global Markets Holdings Inc. filed a preliminary 424(b)(2) pricing supplement for autocallable securities linked to the worst performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, due October 24, 2030, and fully and unconditionally guaranteed by Citigroup Inc.
The notes have a $1,000 stated principal amount per security, no interest, and may auto-redeem on scheduled valuation dates if the worst performing index is at or above its initial value, paying principal plus a preset premium. If not redeemed, at maturity investors receive: principal plus the final-date premium if the worst is at or above its initial value; principal if the worst is below initial but at or above the 60% barrier; or a 1:1 loss with the worst index’s decline if below the barrier.
The premium schedule starts at 11.35% (October 21, 2026) and reaches 56.75% (final valuation date). The securities will not be listed. The issuer’s estimated value on the pricing date is expected to be at least $927.50 per security. Selected dealers may receive up to $8.00 per security as a structuring fee.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable, contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100, Russell 2000, and S&P 500, due October 20, 2028. The notes pay a contingent coupon of at least 0.6667% per period (approximately at least 8.00% per annum) only if, on the prior valuation date, the worst-performing index closes at or above its coupon barrier, set at 70% of its initial value.
The issuer may call the notes in whole on specified dates, paying $1,000 plus any due coupon. If not called, maturity payment equals $1,000 if the worst index is at or above its 70% final barrier; otherwise, principal is reduced one-for-one with the index decline, potentially to zero. Each note is $1,000 issue price; underwriting fee up to $30 per note and proceeds to issuer $970 per note. The estimated value on the pricing date is expected to be at least $909 per note. The securities are unsecured, subject to the credit risk of the issuer and guarantor, and will not be listed.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Contingent Coupon Equity Linked Securities tied to Alphabet Inc. due November 30, 2026. These unsecured notes may pay a contingent coupon of at least 0.8733% per period (approximately 10.48% per annum) when Alphabet’s closing value on the prior valuation date is at or above the coupon barrier, set at 71% of the initial value.
The notes can be automatically called on specified dates in 2026 if Alphabet’s value is at or above the initial value, returning $1,000 per note plus the applicable coupon. If not called, at maturity investors receive $1,000 if the final value is at or above the final barrier (71% of initial). Otherwise, holders receive a fixed number of Alphabet shares (or, at the issuer’s election, cash) that may be worth significantly less than principal.
Issue price is $1,000 per note, with an estimated value of at least $921.50. The underwriting fee is up to $21.50 per note, and proceeds to the issuer are $978.50 per note. The securities will not be listed and are subject to the credit risk of both the issuer and guarantor.
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, maturing on October 19, 2028. Each security has a $1,000 stated principal amount and may pay a contingent coupon of at least 2.1875% per period (equivalent to at least 8.75% per annum) if, on the relevant valuation date, the worst-performing index closes at or above its 70% coupon barrier.
At maturity, if not redeemed and the worst-performing index is at or above its 65% final barrier, investors receive $1,000; otherwise, repayment is reduced one-for-one with the index decline, potentially to zero. The issuer may call the notes in whole on specified dates, paying $1,000 plus any due coupon. The notes will not be listed, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
The issue price is $1,000 per security, with an underwriting fee up to $20 and minimum proceeds to issuer of $980 per security. The issuer currently expects an estimated value of at least $922 per security on the pricing date. Investors do not receive dividends or upside beyond contingent coupons and face risks from index volatility, correlation, liquidity, and tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (C), is offering callable contingent coupon equity-linked securities tied to the worst performing of the Nasdaq-100, Russell 2000, and S&P 500, due October 20, 2028. The notes pay a contingent coupon of at least 1.2292% per period (approximately 14.75% per annum, set on the pricing date) only if the worst-performing index on the prior valuation date is at or above its 80% coupon barrier.
The issuer may redeem the notes in whole on specified dates; if called, holders receive $1,000 per security plus any due coupon. If held to maturity and the worst-performing index is at or above its 80% final barrier, payment is $1,000; otherwise, repayment is $1,000 plus $1,000 multiplied by that index’s return, which can result in a significant loss, including zero. The notes are unsecured, subject to the credit risk of the issuer and guarantor, and will not be listed.
Issue price is $1,000 per security, with an underwriting fee of up to $4.50 and per-security proceeds to the issuer of $995.50. The estimated value on the pricing date is expected to be at least $940.00 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (C), is offering Autocallable Contingent Coupon Equity Linked Securities linked to the worst of the Dow Jones Industrial Average and the S&P 500 Dynamic Participation Index, due October 12, 2028. The notes pay a contingent coupon of 0.5833% per period (approximately 7.00% per annum) only if, on the prior valuation date, the worst performing underlying is at or above its coupon barrier of 80% of its initial value.
The notes feature automatic early redemption on specified dates beginning October 9, 2026 if the worst underlying is at or above its initial value, returning $1,000 plus the coupon. If held to maturity and the worst underlying is at or above its final buffer of 85%, investors receive $1,000 (plus any final coupon). Below the 85% buffer, principal is reduced 1% for each 1% decline beyond the 15% buffer. Issue price is $1,000; underwriting fee $30; proceeds to issuer $970. The estimated value is $954.80 per note. The securities are unsecured, not listed, and subject to the credit risk of the issuer and guarantor.
Citigroup Global Markets Holdings Inc. filed a preliminary 424(b)(2) for Contingent Barrier Digital Securities linked to the S&P 500 Index, due in November 2026 and fully guaranteed by Citigroup Inc. Each security has a $1,000 stated principal amount. If the final index level is at or above the barrier, holders receive $1,000 plus a fixed return amount of at least $85.00 per security. If below the barrier, the payout equals $1,000 plus $1,000 × the index return, which can be significantly less than principal and may be zero.
The barrier is 80.00% of the initial index level. Key dates include a strike date of October 10, 2025, an expected pricing date of October 15, 2025, a final valuation date expected November 20, 2026, and an expected maturity of November 25, 2026. The securities will not be listed. The estimated value on the pricing date is expected to be at least $933.50 per security. The underwriter will charge a $10.42 fee per security; fiduciary accounts have a $989.58 issue price and forgo fees. Placement agents (J.P. Morgan affiliates) receive $10.42 per security on eligible sales.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index. The notes may pay a contingent coupon of at least 0.80% per month (equivalent to at least 9.60% per annum) if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier set at 70% of its initial value. Maturity is September 25, 2030, unless called earlier.
At maturity, if not redeemed and the worst-performing index is at or above its final barrier of 60% of its initial value, investors receive the $1,000 stated principal per security (plus any final coupon). If it is below the final barrier, repayment is reduced one-for-one with the index decline, potentially to $0. The issuer may redeem the notes in whole on specified dates beginning in April 2026, paying $1,000 plus any coupon then due. The securities will not be listed. The issue price is $1,000 per security; the issuer currently expects an estimated value of at least $939 on the pricing date. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Autocallable Contingent Coupon Equity Linked Securities linked to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500, due October 13, 2028. The issue price is $1,000 per security with an aggregate issue of $2,101,000; the underwriting fee is up to $2.00 per security and proceeds to the issuer are $998 per security (total $2,096,798).
The notes pay a contingent coupon of 0.8958% per month (~10.75% per annum) if, on the prior valuation date, the worst performing index is at or above its coupon barrier (70% of its initial value. They are subject to automatic early redemption on scheduled potential autocall dates if the worst performer is at or above its initial value, returning $1,000 plus the coupon.
If not called, at maturity you receive $1,000 if the worst performer is at or above its final barrier (70%). Otherwise, repayment is reduced one-for-one with that index’s decline, which can result in substantial loss, up to zero. The notes are not listed. The estimated value is $991.80 per security, lower than the issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc. is offering $1,015,000 of unsecured, callable Contingent Coupon Equity Linked Securities, fully and unconditionally guaranteed by Citigroup Inc. (C), linked to the worst performing of the Russell 2000 and S&P 500, due October 15, 2030.
The notes pay a contingent coupon of 0.6583% of principal per month (~7.90% p.a.) only if, on the prior valuation date, the worst of the two indices is at or above its coupon barrier (75% of initial). At maturity, if not called and the worst index is at or above its final barrier (70% of initial), investors receive $1,000 per note; otherwise, repayment is reduced 1-for-1 with the index decline, potentially to zero. The issuer may call the notes in whole on specified dates from October 2027 through September 2030 at $1,000 plus any coupon.
Initial index levels: Russell 2000 2,468.848; S&P 500 6,735.11. The securities will not be listed and carry the credit risk of both issuers. The estimated value is $972.80 per $1,000 note; underwriting fee up to $7.50 per note; per-note proceeds to issuer $992.50 (total proceeds $1,007,387.50).
Citigroup Global Markets Holdings Inc. is offering unsecured, no‑interest autocallable securities linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, guaranteed by Citigroup Inc., and due October 20, 2033.
Each security has a $1,000 stated principal amount. The notes may redeem early after any valuation date if the index closes at or above its initial value, paying $1,000 plus a preset premium. If held to maturity and the final index value is at least the final barrier of 55% of the initial value, investors receive $1,000 plus the premium applicable to the final date. Otherwise, the payout is $1,000 + ($1,000 × underlying return), resulting in 1‑for‑1 downside and possibly a loss of the entire investment.
Minimum premiums step up from 18.00% (October 19, 2026) to 144.00% (October 17, 2033). The securities will not be listed. The underwriting fee is up to $43.00 per security, with $957.00 per security to the issuer, and an estimated value of at least $855.50 on the pricing date. Payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The underlying index targets 40% volatility, may apply up to 500% leverage, and includes a 6% per‑annum decrement, which can materially drag performance.
Citigroup Global Markets Holdings Inc. (guaranteed by Citigroup Inc.) priced 4,438 S&P 500-linked Contingent Income Callable Securities, $1,000 each, for an aggregate $4,438,000 under a 424B2. The notes pay a 1.725% quarterly contingent coupon (6.90% per annum) only if the S&P 500 closing level on each valuation date is at or above the coupon barrier of 5,051.333 (75.00% of the initial 6,735.11). The notes are callable in whole on specified dates; if called, investors receive $1,000 plus any due coupon.
At maturity (if not earlier redeemed), payment per $1,000 is $1,000 if the final index level is at or above the downside threshold of 5,051.333; otherwise, $1,000 plus $1,000 × index return, which can result in a significant loss of principal. The securities will not be listed. Issue price is $1,000; estimated value is $962.40 per security. Underwriting fee is $7.50 per security, including a $5.00 selling concession and a $2.50 structuring fee payable to Morgan Stanley Wealth Management. Total proceeds to issuer are $4,404,715. Non‑U.S. holders may face 30% withholding on coupon payments.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured, autocallable securities linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER. The notes are $1,000 per security, priced on October 9, 2025, issued October 15, 2025, and due October 15, 2030. They pay no interest and are subject to Citigroup credit risk.
The notes may redeem early after any valuation date if the underlying closes at or above the autocall barrier of 622.086 (95.00% of the initial value 654.8272), returning $1,000 plus a fixed premium (e.g., 9.25% on April 9, 2026, up to 92.50% on October 9, 2030). If held to maturity: you receive $1,000 plus the final premium if the final value is ≥ autocall barrier; $1,000 if it is < autocall barrier but ≥ the final barrier of 392.896 (60.00% of initial); otherwise $1,000 + ($1,000 × underlying return), exposing you 1-for-1 to downside.
The securities will not be listed. Underwriting fee is up to $43.00 per note (proceeds to issuer $957.00); totals are $4,866,000 issue, $209,238 fees, $4,656,762 proceeds. The estimated value is $899.40 per note, less than the issue price. The index embeds a 6% per annum decrement and may use leverage up to 500% via volatility targeting.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $21,596,000 of Callable Contingent Coupon Equity Linked Securities linked to the worst of the Nasdaq-100, Russell 2000, and S&P 500, due October 12, 2028.
The notes pay a 0.8708% contingent coupon per period (approx. 10.45% per annum) only if the worst-performing index on the prior valuation date is at or above its coupon barrier (70% of initial). At maturity, if not called and the worst index is at or above its final barrier (70%), investors receive $1,000 per note; otherwise, they receive $1,000 + $1,000 × underlying return, which can be significantly less and may be zero.
The issuer may redeem the notes on specified dates for $1,000 plus any due coupon. The notes are unsecured, subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and will not be listed. Underwriting fee: $6 per $1,000 note; proceeds to issuer: $21,466,424. The estimated value on the pricing date is $987.60 per $1,000 note.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (C), is offering Enhanced Barrier Digital Securities linked to NVIDIA Corporation (NVDA), maturing on January 21, 2027. Each security has a $1,000 stated principal amount. If the final NVDA value on the valuation date is at or above the final barrier (set at 60.00% of the initial value), holders receive $1,000 plus a digital return amount of at least $135.00 per security (≥13.50%). If the final value is below the barrier, repayment equals $1,000 plus $1,000 times the underlying return, resulting in 1‑to‑1 downside exposure.
Key dates include strike on October 15, 2025, pricing on October 17, 2025, issue on October 22, 2025, valuation on January 15, 2027, and maturity on January 21, 2027. The securities will not be listed. Estimated value on the pricing date is expected to be at least $918.50 per security. CGMI acts as underwriter, receiving a fee of up to $22.25 per security, implying per‑security proceeds to the issuer of $977.75. Investors do not receive NVDA dividends and face credit risk of the issuer and guarantor.
Offering summary: Citigroup Global Markets Holdings Inc. is issuing unsecured, non-interest-bearing notes (stated principal $1,000 each; aggregate $157,000) guaranteed by Citigroup Inc. The notes reference the Citi Dynamic Asset Selector 5 Excess Return Index (initial level 232.12) with valuation dates from Sept 25, 2026 through Sept 27, 2032 and maturity Sept 30, 2032. The securities may be automatically redeemed early on specified valuation dates for the stated principal plus a graded premium (7% in 2026 up to 42% in 2031) if the Index meets rising premium threshold levels. If not auto-redeemed, investors receive principal plus any positive upside (100% participation) if the final index level exceeds the initial level; otherwise they receive only principal at maturity. The Index is trend-following, futures-based, charges a 0.85% annual fee, applies volatility targeting, and was launched June 13, 2016. Key risks disclosed include no interest, potential for no return, issuer/guarantee credit risk, limited or no secondary market, model/hedging conflicts, index methodology limitations, financing cost drag, and that the estimated value at pricing is less than issue price due to fees and hedging costs.
Overview: These are Citigroup-guaranteed autocallable securities with a stated principal amount of $1,000 per security and contingent quarterly coupons of 2.625% of principal (equivalent to 10.50% annualized) payable only if the worst performing underlying meets its coupon barrier on the prior valuation date. Pricing date was Sept 23, 2025 and maturity (unless earlier redeemed) is March 31, 2027. Potential valuation/autocall dates occur on the scheduled dates between Dec 23, 2025 and Dec 23, 2026, with the final valuation date on March 23, 2027. If autoredeemed, holders receive $1,000 plus the related contingent coupon. If not redeemed, payment at maturity depends on the final value of the worst performing underlying; if below the final buffer value you may receive shares (or cash) worth less than principal, possibly zero. The securities will not be listed and CGMI is the underwriter and calculation agent. The issue price per security implies selling/structuring costs and the estimated value on the pricing date was less than the issue price. Tax treatment is uncertain under U.S. federal law.
Citigroup Inc. guaranteed structured securities with a stated principal of $1,000 per security. The securities were priced September 17, 2025 and issued September 22, 2025, with a maturity date of September 23, 2030 unless earlier redeemed. Monthly contingent coupons of 0.55% of principal (6.60% annualized) are payable only if the worst performing underlying on the relevant valuation date is at or above its coupon barrier. There are many monthly valuation dates through September 18, 2030 and numerous potential autocall dates. The securities will not be listed, carry Citigroup credit risk, may be illiquid, and the disclosed estimated value on the pricing date is lower than the issue price.