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 issuing $16,732,000 of Bearish PLUS notes, each with a $1,000 stated principal amount, maturing on July 21, 2027. The notes are linked inversely to a basket of the Nasdaq-100, Russell 2000 and S&P 500 indices.
The basket starts at 100. On the valuation date, 90% weight is assigned to the index with the highest (least favorable) component return, and 5% to each of the other two. If the final basket value is below 100, investors receive $1,000 plus a 600.00%-leveraged positive return on the basket’s depreciation, capped at a maximum gain of $830.00 per note (maximum payment $1,830.00).
If the basket ends at or above 100, the payoff is $1,000 plus the unleveraged basket return, producing a 1-for-1 loss for each 1% basket increase, down to zero; there is no minimum repayment and principal is fully at risk. The notes pay no interest, are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and are not FDIC-insured. The issue price is $1,000, while the model-based estimated value is $966.10 per note and the underwriting fee is $22.50 per $1,000 note.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $5,000,000 of Contingent Income Callable Securities due October 12, 2028, linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each security has a $1,000 principal amount.
The notes pay a 2.25% quarterly contingent coupon (9.00% per annum) only if, during the observation period, none of the three indices closes below 60.00% of its initial level (the coupon barrier/downside threshold). Citigroup may redeem the securities in whole on specified quarterly dates for $1,000 plus any due coupon, ending all future payments.
If not redeemed, at maturity investors receive $1,000 per note if the worst performing index is at or above its downside threshold; otherwise the payoff is $1,000 plus $1,000 × the index return of the worst performer, exposing investors to a loss that can reach their entire principal. The issue price is $1,000 per note versus an estimated value of $968.90, reflecting underwriting discounts, structuring and hedging costs. The securities involve complex risks, including equity market, correlation, credit and tax risks, and potential 30% U.S. withholding on coupons for certain non-U.S. investors.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured autocallable medium-term senior notes linked to the worst performing of the Russell 2000 Index and the S&P 500 Index. The notes pay no interest and do not guarantee repayment of principal.
Each note has a $1,000 stated principal amount and may be automatically redeemed on annual valuation dates from 2027 to 2030 for $1,000 plus a premium of at least 9.30%–37.20% if the autocall condition is met. If held to July 22, 2031 and not called, investors receive $1,000 plus at least a 46.50% premium if the worst index is at or above its initial level, $1,000 if it is below the initial level but at or above 70% of that level, and 1‑for‑1 downside exposure below the 70% barrier, potentially losing their entire investment. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc., secondary market liquidity may be limited, and the estimated value on the pricing date (at least $896.50 per note) will be lower than the $1,000 issue price due to fees, hedging costs and the issuer's internal funding rate.
Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked senior notes maturing July 22, 2031, linked to the worst performing of the EURO STOXX 50, Nasdaq‑100 and Russell 2000 indices.
Each $1,000 security pays a quarterly contingent coupon of at least 3.00% (at least 12.00% annualized) only if, on the relevant valuation date, the worst performing index is at or above 70% of its initial value. If not, no coupon is paid for that quarter. Unless previously redeemed, principal is fully repaid at maturity only if the worst performing index is at or above 60% of its initial value; below that “final barrier,” repayment is reduced one‑for‑one with the index loss, down to zero.
Citigroup may call the notes in whole on specified coupon dates at $1,000 plus any due coupon, capping future income. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., are not bank deposits, and are not FDIC insured. The estimated value on the pricing date is expected to be at least $933.00 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing $5,000,000 of Contingent Income Callable Securities due January 12, 2029, linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices. Each $1,000 security pays a quarterly contingent coupon of 2.6125% (10.45% per annum) only if, during the observation period, none of the indices closes below its coupon barrier level, set at 65.00% of its initial index level.
Citigroup may redeem the notes in whole on specified dates starting in October 2026, paying $1,000 plus any coupon then due, after which no further payments are made. If held to maturity and the final level of the worst performing index is at or above its downside threshold (also 65.00% of initial), investors receive $1,000 per note plus any final coupon. If it is below that threshold, the payoff is $1,000 plus $1,000 times the index return of the worst performer, exposing investors to 1:1 downside and potential total loss of principal.
The securities are unsecured obligations, not bank deposits and not FDIC-insured. The issue price is $1,000 per security, with total underwriting fees of $112,500 and issuer proceeds of $4,887,500; the estimated value on the pricing date is $970.20 per security. U.S. tax treatment is uncertain; Citigroup intends to treat the notes as prepaid forward contracts with coupons taxed as gross income, and non-U.S. holders may face 30% withholding on coupon payments.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon senior notes linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices, with a stated principal amount of $1,000 per security. The notes pay a contingent coupon of at least 0.9792% of principal per observation period (about 11.75% per year) only if the worst-performing index on the prior valuation date is at or above 80% of its initial level; missed coupons can be paid later if this barrier is met. The notes may be automatically called on specified dates if the worst-performing index is at or above its initial level, in which case investors receive $1,000 plus any due coupons.
If not called, principal repayment depends solely on the worst-performing index at maturity: full return of $1,000 occurs only if it is at or above 60% of its initial level; otherwise repayment is reduced one-for-one with its loss, potentially to zero, and no final coupon is paid. The issue price is $1,000, including a $6 underwriting fee, while Citigroup estimates the initial value at at least $940 per note. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have limited expected liquidity, and involve complex tax treatment, including possible 30% withholding for certain non-U.S. investors.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $700,000 of callable Contingent Coupon Equity Linked Securities due July 12, 2029, linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000 Index and the State Street Financial Select Sector SPDR ETF.
Each $1,000 security may pay a 0.7958% contingent coupon per period (about 9.55% per annum) only if the worst-performing underlying on the prior valuation date is at or above its coupon barrier, set at 70% of its initial level. If not called, principal is fully repaid at maturity only if the worst-performing underlying on the final valuation date is at or above its final barrier at 65% of its initial level; otherwise repayment is reduced one-for-one with that underlying’s loss, potentially to zero.
Citigroup may redeem the securities in whole on specified coupon dates beginning in October 2026 at $1,000 plus any due coupon, which can limit future income. Investors face market risk on each underlying, a “worst-of” payoff, no dividends, credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited liquidity, complex tax treatment and an initial estimated value of $976.10 per $1,000, below the issue price due to embedded costs and dealer compensation.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing Autocallable Dual Directional Barrier Securities linked to the MSCI Emerging Markets Index (MXEF), with an aggregate stated principal of $7,650,000 and $1,000 per security. The notes price on July 9, 2026, are issued July 14, 2026 and mature July 13, 2028, unless automatically redeemed on July 22, 2027.
If the index on the autocall date is at or above the initial level of 1,675.81, investors receive $1,226.10 per security, reflecting a 22.61% premium. Otherwise, payment at maturity depends on the final index level relative to the initial level and an 80% barrier at 1,340.648: 150% participation in gains above the initial level; 1-for-1 positive return on modest declines down to the barrier; and full downside exposure below the barrier, with the possibility of losing the entire principal. The estimated value is $979.20 per security versus a $1,000 issue price, and a $15 per security underwriting fee applies.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing callable contingent coupon equity‑linked securities with $450,000 aggregate principal, each $1,000 note linked to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices.
The notes pay a 0.9333% monthly contingent coupon (approximately 11.20% per annum) only when the worst index on the prior valuation date is at or above 75% of its initial level. At maturity on January 13, 2028, if not earlier redeemed and the worst index is at or above 65% of its initial level, investors receive $1,000 per note; otherwise repayment is reduced in proportion to the index loss, down to zero.
Citigroup may call the notes on specified 2027 dates at $1,000 plus any due coupon, which can cut off future income. The issuer highlights significant risks: no guaranteed coupons, no upside participation or dividends, exposure to the worst index, limited liquidity, and full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value is $984.20 per $1,000, below the issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,186,000 of autocallable contingent coupon equity-linked securities due July 14, 2031, linked to the worst performing of the EURO STOXX 50 Index, iShares MSCI Emerging Markets ETF and Russell 2000 Index.
Investors receive a contingent coupon of 1.0083% of principal per period (about 12.10% per annum) only when the worst-performing underlying on the prior valuation date is at or above its coupon barrier, set at 70% of its initial level. The notes may be automatically redeemed on scheduled autocall dates if that worst-performing underlying is at or above its initial level, returning principal plus the coupon but ending further income.
If not called, principal repayment at maturity depends solely on the worst performer. Full principal is returned only if its final level is at least 50% of its initial level; otherwise repayment is reduced in proportion to its decline, potentially to zero. The issue price is $1,000 per note, the estimated value is $969.90, and investors face credit, market, liquidity and complex tax risks, including possible 30% withholding on coupons for some non-U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing callable contingent coupon equity‑linked securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, each with a $1,000 stated principal amount and scheduled to mature on January 13, 2028.
Investors may receive contingent coupons of 1.025% of principal per valuation date (equivalent to 12.30% per annum) only when the worst‑performing index closes at or above 70.00% of its initial level. The issuer may redeem the notes in whole on specified dates at $1,000 plus any due coupon, ending future payments. If not called, and on the final valuation date the worst index is at or above its 70.00% final barrier, investors are repaid $1,000 plus any final coupon; otherwise principal is reduced in line with that index’s loss, potentially to zero, with no final coupon. The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have limited expected liquidity, and carry an estimated value of $986.70 per security on the pricing date, below the $1,000 issue price due to structuring, hedging costs and dealer compensation.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured autocallable securities linked to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, with a stated principal amount of $1,000 per security and no interest payments.
The notes may be automatically redeemed on scheduled valuation dates from July 12, 2027 through July 9, 2031 if the worst-performing index is at or above its autocall barrier, set at 90.00% of its initial value, paying $1,000 plus a fixed premium that steps up from 10.45% to as high as 52.25% of principal.
If not called, at maturity on July 14, 2031 holders receive $1,000 plus the final premium if the worst index is at or above its autocall barrier, $1,000 if it is between the 75.00% final barrier and the autocall barrier, or a loss matching the index decline if it finishes below the final barrier, potentially down to zero. The total offering is $1,877,000, and the estimated value on the pricing date is $985.90 per security, reflecting structuring and hedging costs. Investors face index, volatility, liquidity, tax and full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. and do not receive dividends from the underlyings.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $955,000 of Walmart-linked autocallable barrier securities maturing July 13, 2028. The $1,000-denomination notes pay no interest and expose principal to both Walmart share performance and Citigroup credit risk.
The notes may be automatically redeemed on July 16, 2027 at $1,150 per note (15% premium) if Walmart’s closing price is at or above the initial value of $112.21. If not called, at maturity investors receive par plus leveraged upside at a 150% participation rate when the final price exceeds the initial value; par repayment if the final price is at or above the barrier of $78.547 (70% of initial); or 8.91186 Walmart shares (or equivalent cash) per note if the final price is below the barrier, which can result in complete loss of principal.
The issue price is $1,000 with an estimated value of $974.70 and an underwriting fee of $18.50 per note, and the securities may have limited or no secondary market liquidity.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $7,585,000 of Autocallable Contingent Coupon Equity Linked Securities due July 12, 2029, linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500 indices.
The securities pay a contingent coupon of 2.675% of the $1,000 principal (annualized 10.70%) on each contingent coupon date if the worst performing index on the prior valuation date is at or above its coupon barrier of 70% of its initial level. Missed coupons can be “made up” later if this condition is subsequently met. Beginning January 11, 2027, the securities are automatically called on specified dates if the worst performer is at or above its initial level, returning $1,000 plus the applicable contingent coupon.
If not called, at maturity investors receive $1,000 per security if the worst performing index is at or above its final barrier of 60% of its initial level; otherwise the payoff is reduced one-for-one with that index’s negative return, and the entire principal can be lost. The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.; their estimated value on the pricing date is $991.80 per $1,000 security, below the issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity-linked securities with a total offering size of $1,461,000, each with a $1,000 stated principal amount, linked to the worst performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index.
The notes pay a contingent coupon of 0.9917% of principal per valuation period (about 11.90% per annum) only if the worst-performing index on that valuation date is at or above its coupon barrier of 80% of its initial value. Missed coupons may be repaid later if the condition is subsequently met, but can be lost entirely if the worst index never recovers to the barrier.
Beginning in 2027 on specified potential autocall dates, if the worst-performing index is at or above its initial value, the notes are automatically redeemed for $1,000 plus the applicable coupon. If not called, at July 13, 2028 maturity investors receive full principal only if the worst index is at or above its final barrier of 70% of initial; otherwise repayment is reduced one-for-one with the index loss and may fall to zero. Investors forgo all dividends and upside in the indices, face limited liquidity, and bear full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is $988.60 per note, below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured autocallable securities linked to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, in $1,000 denominations with an aggregate issue price of $1,437,000, maturing July 14, 2031.
The notes pay no interest and do not guarantee principal. On scheduled valuation dates from 2027 to 2031, if the worst-performing index is at or above 90.00% of its initial level, the notes are automatically redeemed at $1,000 plus a fixed premium, starting at 7.05% and rising to 35.25% on the final valuation date. If held to maturity and not previously redeemed, investors receive (i) $1,000 plus the final premium if the worst index is at or above the 90.00% autocall barrier, (ii) $1,000 if it is between 70.00% and 90.00%, or (iii) $1,000 plus 1-to-1 downside exposure if it finishes below 70.00%, which can reduce repayment to zero.
The securities expose holders to the full downside of the worst index, forego dividends, and depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc., with limited expected liquidity. The issue price is $1,000 per note, including up to $37.50 in underwriting fees; the model-based estimated value on the pricing date is $953.80 per note.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities tied to the worst of the Russell 2000® Index, the S&P 500® Index and the State Street® Consumer Staples Select Sector SPDR® ETF. Each security has a $1,000 stated principal amount and an aggregate issue size of $2,166,000.00.
Investors may receive a contingent coupon of 0.8958% per month (about 10.75% per annum) only if, on the relevant valuation date, the worst-performing underlying is at or above its coupon barrier, set at 70.00% of its initial valuecallable at the issuer’s option on specified dates at par plus any due coupon, are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., may have limited liquidity, and have an estimated value of $990.60 per security, below the issue price due to embedded costs and funding assumptions.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,019,000.00 of Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, maturing on July 12, 2029, with a stated principal of $1,000 per security.
The notes pay a 10.65% per annum contingent coupon (0.8875% per period) only if, on each valuation date, the worst-performing index is at or above 65.00% of its initial level; otherwise no coupon is paid. At maturity, if not called and the worst index is below its 65% final barrier, principal is reduced 1:1 with the index loss and can fall to zero; if at or above the barrier, only par is returned, with no upside participation or dividends.
Citigroup may redeem the notes in whole on specified dates by paying $1,000 plus any due coupon, typically when terms favor the issuer. The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., may have little or no secondary market, and have an estimated value of $983.60 per security on the pricing date, below the $1,000 issue price due to selling, structuring, hedging costs and internal funding assumptions.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing unsecured Autocallable Contingent Coupon Equity Linked Securities linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100 Index® and the Russell 2000® Index, maturing on June 14, 2028, with a stated principal of $1,000 per security.
Investors may receive a 1.0083% contingent coupon per period (about 12.10% per annum) only when the worst-performing index on a valuation date is at or above 70% of its initial level; otherwise no coupon is paid. The notes are automatically called at $1,000 plus coupon if, on specified potential autocall dates, the worst-performing index is at or above its initial level. If not called and, at maturity, the worst-performing index is below its 70% final barrier, repayment of principal is reduced one-for-one with the index loss, potentially to zero. Holders forego dividends, are exposed to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., face limited liquidity, and the estimated value of $985.80 per security is below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity linked securities with $2,361,000 aggregate principal, in $1,000 denominations, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index and maturing June 14, 2028.
The notes pay a contingent coupon of 0.8417% of principal per period (about 10.10% per annum) only if, on each valuation date, the worst performing index is at or above 70% of its initial level; otherwise no coupon is paid. The issuer may redeem the notes on specified dates at $1,000 plus any due coupon. If not redeemed, investors receive $1,000 per note at maturity only if the worst index is at or above its 70% final barrier; otherwise repayment is reduced in proportion to that index’s decline from its initial level, potentially to zero. Investors do not receive dividends or upside participation, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per note, while the estimated value on the pricing date is $969.40, and the notes may have limited or no secondary market liquidity.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing $9,503,000 of autocallable contingent coupon equity-linked securities with a $1,000 stated principal per note, linked to the worst of the Nasdaq-100, Russell 2000 and S&P 500 indices.
The notes pay a contingent coupon of 0.8042% of principal each period (about 9.65% per year) only if the worst-performing index is at or above 70% of its initial level. From January 2027, the notes are automatically called if that worst index is at or above its initial level, returning principal plus coupon and ending further income. If held to June 2028 and not called, principal is fully repaid only if the worst index is at or above 65% of its initial level; below that, repayment falls one-for-one with the index decline, down to a total loss. Investors face Citigroup credit risk, limited liquidity, an initial estimated value of $976 per note below the $1,000 issue price due to fees and hedging costs, and complex U.S. tax treatment.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing callable contingent coupon equity-linked securities with an aggregate stated principal amount of $724,000 and $1,000 per security, linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing July 13, 2028.
Investors may receive contingent coupons of 0.875% (10.50% per annum) only when the worst-performing index on a valuation date is at or above 60.00% of its initial level; missed coupons are not paid later. If Citigroup exercises its call on specified dates, holders receive $1,000 plus any due coupon. If held to maturity and the worst-performing index is at or above its 60.00% final barrier, principal is repaid; otherwise repayment is reduced in line with that index’s loss, potentially to zero. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the securities have an estimated value of $989.80 per $1,000 issue price at launch.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Buffer Securities linked to the S&P 500 Futures Excess Return Index, maturing July 14, 2031. Each note has a stated principal of $1,000, with no periodic interest and principal fully at risk.
At maturity, if the index has risen, investors receive $1,000 plus the index return multiplied by a 214.00% upside participation rate. If the index has fallen but not below the 10.00% buffer (final value at or above 90.00% of the 603.95 initial level), $1,000 is repaid. Below the buffer, losses match index declines beyond 10%. The initial estimated value is $974.80 per note versus the $1,000 issue price, and secondary market liquidity and pricing depend on CGMI. Returns also reflect the futures-based index structure, which is expected to underperform the total return of the S&P 500 Index.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing Callable Contingent Coupon Equity Linked Securities with a $1,000 stated principal amount per security and an aggregate offering of $1,220,000.00. The notes, due July 12, 2030, are linked to the worst performer of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index. They pay a contingent coupon of 0.8333% of principal per period (approximately 10.00% per annum) only when the worst performing index on the relevant valuation date is at or above 70.00% of its initial value.
Citigroup may redeem the notes in whole on specified potential redemption dates for $1,000 per security plus any due coupon, limiting the time investors can receive coupons. If not redeemed, principal is fully returned at maturity only if the worst performing index is at or above 60.00% of its initial value; otherwise repayment is reduced in line with the index decline, potentially to zero, with no final coupon. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the estimated value on the pricing date is $981.80 per security, below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering callable contingent coupon equity-linked securities with an aggregate issue price of $1,757,000. The notes are linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 Index and S&P 500 Index and mature on February 14, 2029, unless redeemed earlier.
Holders receive a contingent coupon of 1.0417% of principal per month (about 12.50% per year) only if, on each valuation date, the worst performing index closes at or above its coupon barrier, set at 70.00% of its initial level. If the notes are not called and the worst performer finishes below its final barrier (also 70% of initial), principal is reduced one-for-one with the index loss, down to zero.
The notes do not pay dividends on the indices, cap upside at received coupons, and can be redeemed at the issuer’s option at par plus any due coupon on specified dates. They carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., may have limited secondary liquidity, and are priced at $1,000 per note with an estimated value of $992.40 on the pricing date.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,333,000 of autocallable securities linked to NVIDIA Corporation common stock, due July 12, 2029. Each unsecured note has a $1,000 stated principal amount, pays no interest and is subject to Citigroup credit risk.
The notes can be automatically redeemed if NVIDIA’s closing value on July 16, 2027 or July 10, 2028 is at least the $202.78 initial value, paying $1,000 plus premiums of 17.45% or 34.90%. If held to the July 9, 2029 final valuation date and NVIDIA is at or above the $131.807 barrier (65.00% of initial), investors receive $1,000 plus a 52.35% premium.
If the final value is below the barrier, repayment equals $1,000 plus $1,000 times the underlying return, giving 1‑for‑1 downside exposure and the possibility of losing the entire investment. Investors forgo dividends and further upside in NVIDIA and face limited liquidity. The estimated value is $967.00 per security versus the $1,000 issue price, reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing on July 12, 2029 unless earlier redeemed.
Each $1,000 security may pay a contingent coupon of 1.0625% per period (12.75% per annum) whenever the worst-performing index on the prior valuation date is at or above 70% of its initial level (for example, the Nasdaq-100 at an initial 29,727.10 with a barrier of 20,808.970). If on the final valuation date the worst-performing index is at or above its 70% barrier, the holder receives $1,000 plus any final coupon; otherwise the payoff is $1,000 plus the index return, so principal can decline to zero. Citigroup may call the notes on specified dates at $1,000 plus any coupon. The total offering is $5,193,000, with an underwriting fee of $8 per note and an estimated value of $987.10, and investors face Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk and potentially limited secondary market liquidity.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $453,000 of unsecured Callable Contingent Coupon Equity Linked Securities due July 12, 2030. The notes are linked to the worst performing of the Russell 2000 Index, the S&P 500 Index and the Consumer Staples Select Sector SPDR ETF.
The securities pay a contingent coupon of 0.8125% of principal (9.75% per annum) on each coupon date only if the worst underlying is at or above 70% of its initial level; otherwise no coupon is paid. If not called on any redemption date, principal repayment at maturity depends solely on the worst underlying: full par is returned if it is at or above 60% of its initial level, but losses match any decline below that level, up to a total loss. Investors do not receive dividends or upside participation, are exposed to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited liquidity, and an initial estimated value of $975.10 per $1,000 note reflecting selling, structuring and hedging costs.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Callable Contingent Coupon Equity Linked Securities with a stated principal amount of $1,000 per security and an aggregate offering of $745,000. The notes run to January 13, 2028, unless Citigroup exercises its right to redeem them early on specified dates in 2027.
Investors can receive quarterly contingent coupons of 2.6125% of principal (equivalent to 10.45% per annum) only if, on each valuation date, the worst performing of the Invesco S&P 500 Equal Weight ETF, the Nasdaq-100 Index and the Russell 2000 Index is at or above a barrier set at 60% of its initial value. At maturity, if not called, principal is repaid in full only if that worst underlying is at or above its 60% final barrier; otherwise, repayment is reduced one-for-one with its decline from the initial level, potentially to zero.
The notes do not provide dividends or upside participation in any underlying, may have limited or no secondary market, and are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000 per security, including up to $3.00 in underwriting fees, while the estimated value on the pricing date is $995.30 based on internal models and funding rates.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $2,269,000 of autocallable contingent coupon equity-linked securities tied to NVIDIA Corporation, each with a $1,000 principal amount and scheduled to mature on July 13, 2028, unless called earlier.
The notes pay a 3.25% quarterly contingent coupon (equivalent to 13.00% per annum) only if NVIDIA’s closing value on each valuation date is at or above the coupon barrier of $121.668, with a memory feature for missed coupons. Starting January 11, 2027, the notes are automatically called if NVIDIA is at or above the initial value of $202.78, returning $1,000 plus due coupons. If not called, and the final value is at or above the final barrier (also $121.668), investors receive $1,000; otherwise they receive 4.93145 NVIDIA shares per note (or equivalent cash), potentially worth far less than principal, including zero. The securities carry Citigroup credit risk, are expected to have limited liquidity, and have an estimated value of $975.20 per note versus the $1,000 issue price due to fees, hedging costs and internal funding assumptions.
Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., is offering $2,125,000 of Nike-linked structured notes with a stated principal of $1,000 per security. The notes pay a 3.75% quarterly contingent coupon (15.00% per annum) only if NIKE, Inc.’s Class B shares close at or above the coupon barrier of $26.096 (61.00% of the $42.78 initial value) on each valuation date.
Unless earlier called, the notes mature on July 13, 2028. If not redeemed and the final NIKE value is at least the final barrier of $26.096, holders receive $1,000 plus any final coupon. If it is below the barrier, holders receive 23.37541 NIKE shares per note (or equivalent cash), which may be worth far less than $1,000 and can be zero. Citigroup may redeem the notes at par plus coupon on specified dates from April 2027, capping potential income.
All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is $972.90 per note, below the $1,000 issue price, and a liquid secondary market is not assured. U.S. tax treatment is uncertain; the issuer intends to treat the notes as prepaid forward contracts with taxable ordinary income coupons.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $2,440,000 of callable Contingent Coupon Equity Linked Securities due January 13, 2028. The notes pay a quarterly contingent coupon of 1.1668% of principal (about 14.00% per year) only when the worst of the Nasdaq-100, Russell 2000 and S&P 500 closes at or above 70% of its initial value on the relevant valuation date.
If not called, principal repayment depends on the worst-performing index at maturity: investors receive $1,000 only if it is at or above the 70% final barrier; otherwise repayment falls 1% for every 1% decline of that index from its initial level and can drop to zero. Citigroup may redeem the notes early at $1,000 plus any due coupon on specified dates, limiting upside coupon potential. Investors receive no dividends or index upside, face full credit risk of Citigroup entities, limited liquidity, and an initial estimated value of $995.60 per $1,000 note, below the issue price.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering callable Contingent Coupon Equity Linked Securities with an aggregate principal amount of $2,860,000, each with a $1,000 stated principal amount, linked to the worst performing of the Nasdaq‑100 Index®, the Russell 2000® Index and the S&P 500® Index.
The notes pay a contingent coupon of 1.0125% of principal per period (a 12.15% annualized rate) only when, on the preceding valuation date, the worst performing index closes at or above 70% of its initial level; otherwise no coupon is paid. Citigroup may redeem the notes in whole on specified dates at $1,000 plus any due coupon, which can limit the time investors receive coupons. If held to July 12, 2029 and not called, principal is fully repaid only if the worst index is at least 60% of its initial level; below that, repayment falls in line with the index loss, potentially to zero, and no final coupon is paid when the worst index is below its coupon barrier. The securities are unsecured, subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, may have limited liquidity, and have an estimated value of $995.60 per security, below the $1,000 issue price.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is issuing Autocallable Barrier Securities linked to the MSCI Emerging Markets Index, maturing on July 12, 2029. Each unsecured note has a $1,000 stated principal amount, pays no interest, offers no principal protection and is subject to the credit risk of both entities.
The notes may be automatically redeemed on July 16, 2027 if the index is at or above the initial level of 1,675.81, paying $1,221 per note (22.10% premium). If not called, maturity payment depends on the final index level: above the initial level, investors receive $1,000 plus 150% of any positive index return; between 70% of the initial level (barrier 1,173.067) and the initial level, they receive $1,000; below the barrier, they lose 1% of principal for each 1% index decline and may lose their entire investment. Investors forgo index dividends, face emerging-markets and currency risks, limited liquidity, and an estimated value of $974.20 per note versus the $1,000 issue price, reflecting structuring, hedging costs and an underwriting fee of $21 per note on a $1,228,000 total offering.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $1,760,000 of Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index. Each security has a $1,000 stated principal amount and is scheduled to mature on July 12, 2029, unless redeemed earlier at the issuer’s option on specified dates starting in 2027 for $1,000 plus any due coupon.
The notes pay a contingent coupon of 0.8333% of principal per month (about 10.00% per annum) only if, on the relevant valuation date, the worst performing index is at or above its coupon barrier, set at 60.00% of its initial level. At maturity, if not called and the worst index is at or above its 60.00% final barrier, investors receive principal back plus any final coupon; if it is below, repayment is reduced one-for-one with the index’s negative return, potentially to zero, with no coupon.
Investors receive no dividends or upside from index appreciation, face the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and may encounter limited or no secondary market liquidity. Underwriting fees are $6.00 per note, and the estimated value on the pricing date is $994.20 per security, below the $1,000 issue price due to selling, structuring and hedging costs and the issuer’s internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Nasdaq‑100 Index, the Russell 2000 Index and the VanEck Semiconductor ETF. Each $1,000 security may pay a 2.2625% quarterly contingent coupon (27.15% per annum) whenever, on the relevant valuation date, the worst-performing underlying is at or above 75% of its initial value. Citigroup may redeem the notes in whole on specified dates at $1,000 plus any due coupon, which can shorten the investment term.
If the notes are not redeemed and on the final valuation date the worst-performing underlying is at least 60% of its initial value, investors receive $1,000 per note (plus any final coupon). If it is below 60%, repayment is reduced dollar‑for‑dollar with the underlying’s decline, potentially to zero. Holders do not receive dividends or upside participation. The securities carry the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., have limited or no secondary market liquidity, and an estimated value of $980.10 per $1,000 issue price due to selling, structuring and hedging costs. U.S. tax treatment is complex and uncertain.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing unsecured medium-term senior notes with a stated principal amount of $1,000 per security, linked to the worst performer of the EURO STOXX 50, Nasdaq-100 and Russell 2000 indices. The notes pay a quarterly contingent coupon of at least 3.5375% of principal (equivalent to at least 14.15% per annum) only if, on each valuation date, the worst performing index is at or above 80% of its initial level.
Unless called earlier, the notes mature on July 19, 2029. At maturity, if the worst index is at or above its 80% final barrier, investors receive $1,000 plus any final coupon. If it is below the barrier, repayment is reduced 1-for-1 with the index loss, potentially to zero. Citigroup may redeem the notes early on specified dates at $1,000 plus the applicable coupon, capping future income.
The securities do not pay dividends or provide upside participation in the indices, may never pay any coupons, and can result in a total loss of principal. They are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited or no secondary market liquidity, an estimated value on the pricing date of at least $911 per note, which is below the $1,000 issue price, and uncertain U.S. tax treatment, including potential 30% withholding on coupons for some non-U.S. holders.
Citigroup Global Markets Holdings Inc. is offering medium-term senior notes, the Autocallable Phoenix Securities linked to the Invesco QQQ Trust, Series 1, due July 2027, in $1,000 denominations, fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a contingent coupon of at least 1.4167% of principal on each contingent coupon payment date when the Invesco QQQ closing price is at or above a coupon barrier of $652.959, equal to 90.00% of the $725.51 initial share price. If on any interim valuation date the ETF closes at or above the initial share price, the notes are automatically redeemed at $1,000 plus the due contingent coupon, including any previously unpaid coupons.
If not called early, repayment at maturity depends on the final share price. At or above the 90.00% final barrier, investors receive $1,000 plus the contingent coupon and any unpaid coupons. Below the barrier, principal is reduced using a 10.00% buffer amount, and investors can lose most or all of their investment. The estimated value on the pricing date is expected to be at least $947.00 per $1,000 note, below the issue price, and tax treatment as prepaid forward contracts with coupons is complex, with possible 30% withholding on coupon payments to non-U.S. holders.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Medium-Term Senior Notes, Series N, autocallable securities linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000® Index and the S&P 500® Index, maturing August 5, 2031. Each security has a $1,000 stated principal amount.
On valuation dates from July 26, 2027 to July 31, 2031, if the worst performing index is at or above its initial level, the notes are automatically redeemed for $1,000 plus a cash premium. Minimum premiums range from 9.20% of principal on July 26, 2027 to 46.00% on July 31, 2031.
If not called, payment at maturity depends solely on the worst performing index. Investors receive principal plus the final premium if it is at or above its initial level, principal only if it is between its final barrier value (70.00% of its initial level) and its initial level, and an amount equal to $1,000 plus $1,000 times the index return below 70.00%, which can reduce repayment significantly, potentially to zero. The issue price is $1,000 per security, including up to $40.00 in underwriting fees; the issuer currently expects the estimated value on the pricing date to be at least $896.00, reflecting embedded costs, hedging and its internal funding rate.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering autocallable contingent coupon equity‑linked medium‑term senior notes due October 21, 2027, linked to the worst performing of the Dow Jones Industrial Average, Invesco QQQ Trust, Series 1, and SPDR S&P 500 ETF.
Each security has a $1,000 stated principal amount and pays a contingent coupon of at least 0.8792% per period (equivalent to a contingent coupon rate of approximately at least 10.55% per annum) only when the worst‑performing underlying is at or above its 80% coupon barrier on the relevant valuation date. On specified potential autocall dates, if that worst performer is at or above its initial value, the notes are automatically redeemed for $1,000 plus the coupon.
If not redeemed and the worst performer finishes below its 60% final barrier at maturity, repayment is reduced in proportion to its loss, potentially to zero, and no final coupon is paid. The issue price is $1,000.00 per security, with an underwriting fee of up to $7.00 and an estimated value expected to be at least $939.00, and investors face issuer and guarantor credit risk, limited secondary market liquidity, and complex U.S. tax treatment, especially for non‑U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form of autocallable securities linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, due July 20, 2034. Each security has a $1,000 stated principal amount, pays no interest and does not guarantee principal repayment.
On scheduled valuation dates starting July 15, 2027, the notes will be automatically redeemed if the underlying index is at or above its initial level, paying $1,000 plus a fixed premium that starts at 19.75% of principal and rises over time to at least 158.00%. If not redeemed early, at maturity investors receive $1,000 plus the final premium if the index is at or above a 50.00% final barrier of its initial level; otherwise the payoff is $1,000 plus $1,000 times the index return, exposing holders to full downside and possible total loss.
The underlying index is a highly complex, futures-based strategy on the S&P 500 with a 40% volatility target, leverage up to 500%, and a 6% per annum decrement, and is expected to underperform the S&P 500. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issue price is $1,000, with an underwriting fee of up to $43.00 and per-security proceeds of $957.00; the estimated value on the pricing date is expected to be at least $857.50, below the issue price, and secondary market liquidity may be limited.
Citigroup Global Markets Holdings Inc. is offering autocallable unsecured senior notes linked to the VanEck® Semiconductor ETF (SMH), each with a stated principal amount of $1,000, guaranteed by Citigroup Inc. The notes pay no interest and offer periodic automatic early redemption if SMH’s closing value on a valuation date is at or above its initial value, returning $1,000 plus a fixed premium that starts at 24.60% in July 2027 and can reach at least 73.80% by July 2029.
If not redeemed early, at maturity in August 2029 investors receive $1,000 plus the final premium if SMH ends at or above its initial value, $1,000 if it is below the initial value but at or above a 75% final barrier, or $1,000 plus the underlying return if it finishes below the barrier, exposing investors to 1‑for‑1 downside and potential total loss of principal. The initial estimated value is expected to be at least $907 per $1,000 note, below the issue price, reflecting structuring, hedging costs and the issuer’s internal funding rate. The notes are subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, offer limited liquidity, no dividends or voting rights in SMH, sector‑specific semiconductor risks, complex U.S. tax treatment as a potential prepaid forward contract and possible application of Section 871(m) for non‑U.S. holders.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering unsecured Medium-Term Senior Notes linked to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing July 19, 2029. Each security has a $1,000 stated principal amount.
Investors may receive contingent coupons of at least 0.875% per period (at least 10.50% per annum) on scheduled dates, but only if on the preceding valuation date the worst-performing index is at or above 80.00% of its initial level. The notes are subject to automatic early redemption at $1,000 plus coupon if, on any potential autocall date, the worst-performing index is at or above its initial level.
If not redeemed early, at maturity investors receive $1,000 per note only if the worst-performing index is at or above its 80.00% final barrier. Otherwise, repayment is $1,000 plus 1:1 downside to that index, potentially resulting in a total loss. The issue price is $1,000, including an underwriting fee of up to $35.50, with at least $964.50 to the issuer and an estimated value of at least $907.50 per note. The notes carry Citigroup credit risk, limited liquidity, complex risk–return and significant U.S. tax and withholding uncertainty.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering medium-term senior unsecured structured notes linked to the worst performer of the EURO STOXX® Banks Index and the SPDR® S&P® Regional Banking ETF (KRE), maturing July 18, 2031. Each $1,000 security may pay a contingent coupon of at least 2.90% per quarter (at least 11.60% per annum) only if, on the relevant valuation date, the worst-performing underlying is at or above 75% of its initial value; missed coupons may be recaptured if the barrier is later met. Principal is protected only if, at final valuation, the worst-performing underlying is at or above 60% of its initial value; below that level, losses match the decline of the worst performer and can reach 100% of principal. The issuer may redeem the notes early on specified dates at $1,000 plus any due coupon. The issue price is $1,000, including an underwriting fee of up to $37.50, with estimated value on the pricing date of at least $881 per security.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering principal-at-risk Contingent Income Auto-Callable Securities due July 2027 linked to shares of the Invesco QQQ Trust, Series 1. Each security has a $1,000 stated principal amount.
The notes pay a contingent monthly coupon of at least 1.4167% of principal (approximately at least 17.00% per annum), but only when QQQ’s closing price on the valuation date is at or above a downside threshold price equal to 90.00% of the initial share price. Missed coupons can be recouped later if QQQ recovers above the threshold before maturity.
The notes are auto-callable monthly starting about one month after issuance if QQQ is at or above the initial share price, in which case investors receive $1,000 plus the applicable contingent coupon (including previously unpaid coupons) and the notes terminate. If held to maturity and QQQ is at or above the downside threshold, investors receive $1,000 plus the final contingent coupon (with any accrued unpaid coupons).
If at maturity QQQ is below the downside threshold, repayment is reduced on a leveraged basis using a 10.00% buffer amount and a buffer rate of approximately 111.111%, and investors can lose a substantial portion or all of principal and receive no coupons. The issue price is $1,000 per security, with underwriting fees of $1.00 per $1,000 and expected estimated value of at least $947.50 per security on the pricing date. Historical information shows QQQ closed at $723.28 on July 9, 2026.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering $5,000,000 of Contingent Income Callable Securities due July 13, 2028, linked to the worst performing of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index. Each security has a $1,000 stated principal amount and pays a quarterly contingent coupon of 3.30% of principal (13.20% per annum) only if, on every trading day in the observation period, all three indices remain at or above 70.00% of their initial levels.
Principal is at risk. If the notes are not called and the final level of the worst performing index is below its downside threshold (70.00% of its initial level), repayment is reduced 1-for-1 with that index’s loss, potentially to $0. Citigroup may redeem the notes in whole on specified quarterly dates at $1,000 plus any due coupon, which can shorten the term to as little as about three months. The issue price is $1,000 per security, with an estimated value of $979.40, reflecting underwriting discounts, selling and structuring fees, and hedging costs. U.S. tax treatment is uncertain and non-U.S. holders may face 30% withholding on coupon payments.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering principal-at-risk currency-linked securities tied to the GBP/USD exchange rate, maturing on October 13, 2026. Each security has a $1,000 stated principal amount and an issue price of 100%.
On the October 9, 2026 valuation date, if GBP/USD is less than or equal to the strike of 1.3380, investors receive the maximum payment at maturity of $1,252.5970149. If GBP/USD is above the strike, the payoff is reduced by a leveraged formula using a 14.92537313 leveraged exchange factor, but not below the minimum payment of $252.5970149. A barrier exchange rate of 1.4050 drives scenarios where losses become severe.
The total offering is $16,750,000, with no underwriting fee and estimated value of $999.99 per security at pricing. The notes are unsecured senior debt, subject to Citigroup credit risk, complex FX market risks, limited liquidity and uncertain tax treatment, and are intended for investors with a bearish view on GBP versus USD who can tolerate substantial loss of principal.
Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering autocallable securities linked to the worst performing of Alphabet Inc. and Apple Inc. at $1,000 stated principal per security, for an aggregate issue price of $1,413,000. The initial underlying values are $358.71 for Alphabet and $313.39 for Apple, with downside barrier values set at 60% of each initial value. The notes may be automatically redeemed on specified interim valuation dates between July 9, 2027 and June 8, 2029 if both underlyings have become knocked-in, paying $1,000 plus a premium that steps up from 18.7000% to 54.5417%. If held to the final valuation date on July 9, 2029, investors receive $1,000 plus a 56.1000% premium if both underlyings have knocked-in; otherwise the payoff depends on the worst performer, with full principal only if its final value is at or above its downside barrier and 1‑for‑1 downside exposure below the barrier, potentially resulting in a total loss.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is issuing Trigger Callable Yield Notes linked to the least performing of the Nasdaq-100 Index and the S&P MidCap 400 Index. The notes have a stated principal amount of $10.00 each, a term of approximately 1.25 years from the July 8, 2026 trade date to the October 12, 2027 maturity, and pay a fixed coupon of 9.30% per annum (monthly payments of $0.0775 per $10 note) regardless of index performance while outstanding.
Beginning with the October 8, 2026 coupon date, the issuer may, in its sole discretion, call the notes in whole on any monthly coupon date, paying $10.00 plus the applicable coupon, after which no further payments are due. If the notes are not called and on the final valuation date the least performing index is at or above its downside threshold of 70% of its initial level, investors receive $10.00 plus the final coupon. If the least performing index is below its threshold, repayment of principal is reduced linearly with that index’s loss, down to a possible total loss of principal, though the final coupon is still paid. Payments depend on the credit of the issuer and guarantor; default could result in loss of the entire investment, and the notes will not be listed, so liquidity may be limited.
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering medium-term senior notes called Callable Contingent Coupon Equity Linked Securities due July 20, 2029. The notes are linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100 Index® and the Russell 2000® Index and are issued in $1,000 denominations.
Investors may receive contingent coupons of at least 11.30% per annum, paid on scheduled dates only if the worst-performing index on the prior valuation date is at or above 70% of its initial value. At maturity, if not previously called, investors receive $1,000 per note only if the worst-performing index is at or above 60% of its initial value; otherwise repayment is reduced one-for-one with the index decline, potentially to zero.
The issuer may redeem the notes early on specified dates at $1,000 plus any due coupon, limiting upside coupon potential. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value on the pricing date is expected to be at least $935.50 per note, below the $1,000 issue price, and secondary market liquidity may be limited. The tax treatment is uncertain and may involve U.S. withholding on coupons for non-U.S. holders.