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 Inc (C), through Citigroup Global Markets Holdings Inc., is offering Trigger Autocallable Notes linked to the Nasdaq-100 Index® (NDX), maturing August 25, 2031. The notes are unsecured, unsubordinated obligations of Citigroup Global Markets Holdings Inc. and are fully and unconditionally guaranteed by Citigroup Inc.
Each note has a $10 stated principal amount and a fixed 9.50% per annum call return rate. Starting one year after issuance, if on any quarterly valuation date NDX closes at or above its initial level of 29,308.86, the notes are automatically called and pay the principal plus the applicable accumulated call return (up to $14.75 per note at final maturity). If never called, principal is repaid at maturity only if the final index level is at least the downside threshold of 21,981.65 (75% of initial).
If the final index level is below the downside threshold, repayment is reduced in proportion to the index decline, down to zero, so investors may lose all of their investment. The notes pay no interest or dividends, provide full downside exposure below the threshold, and all payments depend on the creditworthiness of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering $2,373,000 of Buffered Digital S&P 500 Index-Linked Notes due September 22, 2027, fully and unconditionally guaranteed by Citigroup Inc. The notes are unsecured senior debt and all payments are subject to the credit risk of both issuers.
The notes pay no interest and do not guarantee return of principal. For each $1,000 note, if the S&P 500 Index (initial level 7,641.16) is at or above 90.00% of its initial level on the determination date, investors receive a fixed threshold settlement amount of $1,088.30, a contingent return of 8.83%. If the index falls more than the 10.00% threshold amount, the payoff is reduced by approximately 1.1111% of principal for every 1% decline beyond that threshold, and investors can lose up to their entire investment.
The notes are not listed, may have limited or no liquidity, and secondary market prices are expected to be below the issue price. The issuer discloses that the estimated value on the trade date, based on internal models and funding rate, is less than the issue price, reflecting selling, structuring, hedging costs and expected hedging profit. The U.S. federal tax treatment is uncertain; counsel believes it is more likely than not the notes will be treated as prepaid forward contracts, but alternative treatments are possible.
CITIGROUP INC, through Citigroup Global Markets Holdings Inc., is offering autocallable securities linked to the worst performing of the EURO STOXX 50® Index and the Russell 2000® Index, with a $1,000 stated principal amount per security and a total offering size of $8,500,000. The notes may be automatically redeemed on scheduled valuation dates from November 2026 to May 2031 if the worst-performing index is at or above its applicable premium threshold, paying back principal plus a growing premium of up to 50.75% of principal on the final valuation date.
If not called, at maturity on August 25, 2031 investors receive principal plus the final premium if the worst-performing index is at or above its final premium threshold, only principal if it is between the trigger and threshold, and a leveraged loss (down to zero) if it finishes below its trigger value. Initial index levels are 6,422.06 for the EURO STOXX 50® (trigger 4,816.545) and 2,992.434 for the Russell 2000® (trigger 2,244.326). The notes are fully and unconditionally guaranteed by Citigroup Inc. The issue price is $1,000 per note, the estimated value is $965.50, and an underwriting fee of up to $30.50 per note is paid to CGMI.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc. and its guarantee, is issuing callable Contingent Coupon Equity Linked Securities maturing August 23, 2029, linked to the worst performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index.
Each $1,000 security may pay a contingent coupon of 0.7708% per month (about 9.25% per annum) if on the relevant valuation date the worst performing index is at or above 80% of its initial level (the coupon barrier). Citigroup may redeem the notes in whole on specified dates at $1,000 plus any due coupon.
If not called, at maturity investors receive $1,000 per note only if the worst performing index is at or above its 80% final buffer level. Below that level, principal is reduced 1% for each 1% decline beyond the 20% buffer, with the possibility of a substantial loss of principal and no coupons. The securities are unsecured obligations subject to Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, have limited or no secondary market liquidity, and an estimated initial value of $987.20 per $1,000 below the issue price due to structuring and hedging costs.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performer of the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust, fully and unconditionally guaranteed by Citigroup Inc. The offering totals $1,250,000, in $5,000 denominations, maturing February 25, 2028 unless called earlier.
The notes pay a contingent coupon of 2.25% per quarter (9.00% per annum) only if, on each valuation date, the worst-performing ETF is at or above its coupon barrier (75% of its initial value). Missed coupons can be paid later if the condition is subsequently met. The notes may be automatically redeemed on scheduled autocall dates if the worst performer is at or above its initial value, returning $5,000 plus coupon. If not called and the worst performer finishes below its 75% final barrier, investors receive ETF shares (or cash equivalent) worth less than $5,000, potentially zero. Investors forgo dividends and any upside of the ETFs and bear full downside of the worst performer, along with Citigroup credit risk and limited secondary market liquidity; the initial estimated value of $4,910.50 per note is below the $5,000 issue price.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performer of Bank of America (BAC) and JPMorgan Chase (JPM), each security having a $5,000 stated principal amount and maturing February 25, 2028, unless called earlier.
Investors may receive quarterly contingent coupons of 2.325% of principal (9.30% per annum) only if on each valuation date the worst-performing stock is at or above its coupon barrier, set at 65% of its initial value ($40.209 for BAC; $228.508 for JPM). The notes can be automatically redeemed on scheduled autocall dates if the worst performer is at or above its initial value, returning principal plus the applicable coupon.
If not called and the worst performer finishes below its final barrier (also 65% of initial), holders receive a fixed number of shares of that stock (or equivalent cash) based on the equity ratio, exposing them to potentially large losses up to total principal loss. The securities are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and the Citigroup Inc. guarantee, have limited liquidity, an estimated value of $4,907 per $5,000 issue price, and involve complex tax and U.S. withholding considerations, especially for non-U.S. investors.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering $1,667,000 of unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing on August 23, 2029 and fully guaranteed by Citigroup Inc.
Each $1,000 security may pay a 0.9167% contingent coupon per month (about 11.00% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier (70% of its initial value; for the Nasdaq‑100 this is 20,449.212). Principal is protected only if, on the final valuation date, the worst-performing index is at or above its final barrier (60% of initial; Nasdaq‑100 17,527.896). Otherwise, maturity payment is $1,000 plus $1,000 × index return of the worst performer, allowing up to a total loss of principal and no final coupon.
Citigroup may call the notes in whole on specified dates, paying $1,000 plus any due coupon, which would stop future coupons. The issue price is $1,000 per security, with an underwriting fee up to $7.00 and estimated value of $987.30. Investors face Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, limited or no secondary market, complex U.S. tax treatment and the risk of receiving no coupons over the term.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing unsecured Callable Contingent Coupon Equity Linked Securities tied to the worst performer of the Russell 2000® Index and the S&P 500® Index, guaranteed by Citigroup Inc. The stated principal amount is $1,000 per security, with total proceeds of $1,242,610 on a $1,252,000 offering before fees.
The notes pay a 0.7917% contingent coupon per month (about 9.50% per annum) only when, on the relevant valuation date, the worst-performing index closes at or above its 70% coupon barrier. If all valuation dates fall below the barrier, no coupons are ever paid. At maturity on August 24, 2028, if not previously called, investors receive $1,000 per note only if the worst-performing index is at or above its 70% final barrier; otherwise repayment is reduced one-for-one with that index’s percentage loss, potentially to $0. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon, which can cap total income.
The initial index levels are 2,992.434 for the Russell 2000 and 7,641.16 for the S&P 500. The estimated value on the pricing date is $987 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs and the issuer’s internal funding rate. The notes are subject to Citigroup’s credit risk, limited liquidity, complex U.S. tax treatment and the combined downside and correlation risks of both indices.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured, senior Callable Contingent Coupon Equity Linked Securities maturing August 23, 2029, linked to the worst performing of the Nasdaq-100 Index, the Russell 2000 Index and the S&P 500 Index, and fully guaranteed by Citigroup Inc.
Each $1,000 security pays a contingent coupon of 0.9625% per period (equivalent to 11.55% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier, set at 70% of its initial level. If this condition is not met, no coupon is paid for that period.
At maturity, if not previously called, investors receive $1,000 per security only if the worst-performing index is at or above its final barrier, set at 65% of its initial level; otherwise, repayment is reduced one-for-one with the index loss, potentially down to $0. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The issue price is $1,000, with an estimated value of $990.90, a maximum underwriting fee of $7 per security, and total proceeds of $5,674,995, and the securities carry Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit and liquidity risk.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured, autocallable medium‑term senior notes linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, due September 5, 2031. The notes pay no interest and do not guarantee return of principal.
Each note has a $1,000 stated principal amount and may be automatically redeemed on scheduled valuation dates if the worst performing index is at or above 85.00% of its initial value, paying $1,000 plus a fixed premium that steps up from 9.20% to 46.00% of principal over time. If not called, at maturity investors receive principal plus the final premium if the worst index is at or above 85.00% of its initial value, principal only if it is at or above 75.00% but below 85.00%, and a 1‑for‑1 loss with the index decline if it finishes below 75.00%, down to zero.
Investors have no dividend or upside participation beyond the fixed premiums, face exposure to the worst performing index, and are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The issuer expects the estimated value on the pricing date to be at least $936.50 per $1,000 note, reflecting structuring and hedging costs.
Citigroup Inc. (C), via Citigroup Global Markets Holdings Inc., is offering unsecured Autocallable Contingent Coupon Equity Linked Securities linked to Dow Inc. These $1,000-denomination notes pay a 14.50% annualized contingent coupon (3.625% per period) only if Dow’s closing value on each valuation date is at or above the coupon barrier of $19.74, which is 60% of the $32.90 initial value. Missed coupons can be paid later if the barrier is subsequently met.
The notes mature on August 24, 2028, but may be automatically called on specified dates if Dow is at or above its initial value, returning $1,000 plus applicable coupons. If not called and Dow’s final value is below the final barrier of $19.74, investors receive Dow shares (or equivalent cash) based on an equity ratio of 30.39514, exposing them to substantial principal loss, potentially to zero. The issue price is $1,000 per note versus an estimated value of $971, reflecting structuring, distribution and hedging costs, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing callable contingent coupon equity-linked securities tied to Pfizer Inc. Each security has a $1,000 principal amount, with total issuance of $784,000, and is fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a quarterly 2.50% contingent coupon (10.00% per annum) only if Pfizer’s closing price on the relevant valuation date is at or above the $19.453 coupon barrier (70% of the $27.79 initial value). If not, no coupon is paid. At maturity in August 2028, if the notes have not been called and Pfizer’s final value is at or above the $19.453 final barrier, investors receive $1,000 per note (plus any final coupon). If it is below, investors receive 35.98417 Pfizer shares (or equivalent cash) per note, exposing them to full downside, including potential total loss. Citigroup may redeem the notes early at $1,000 plus any due coupon. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the estimated value at pricing was $966.90 per note, below the $1,000 issue price.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering long‑dated autocallable, unsecured structured notes linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER, maturing August 30, 2034. The notes pay no interest and principal is not protected.
Investors receive $1,000 per note plus a fixed premium if the notes are automatically redeemed on any monthly valuation date when the index is at or above its initial level, starting August 25, 2027 with a 19.30% premium and rising over time to 154.40% on the final valuation date. If not called, maturity payment equals $1,000 plus the final premium if the final index level is at or above the 50% barrier; otherwise repayment is $1,000 plus $1,000 times the index return, giving 1‑to‑1 downside exposure and potentially a zero return of capital.
All payments depend on the credit of Citigroup Global Markets Holdings Inc. and the Citigroup Inc. guarantee. The underlying index itself is complex and risky, using up to 500% leveraged exposure to S&P 500 futures, a 40% volatility target, and a 6% per annum decrement, and is expected to underperform the S&P 500 Index. The issue price is $1,000 per note, while the estimated value is $911.50, reflecting structuring, distribution and hedging costs.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering callable contingent coupon equity-linked securities tied to the worst performing of the Dow Jones Industrial Average, Russell 2000 Index and S&P 500 Index, maturing August 25, 2031, with a stated principal amount of $1,000 per security and total issuance of $5,216,000.
The notes pay a contingent coupon of 2.425% per quarter (9.70% p.a.) only if, on each valuation date, the worst performing index is at or above its coupon barrier value set at 70% of its initial levelfinal barrier value at 60% of its initial level
Citigroup may redeem the notes in whole on specified dates, paying $1,000 plus any due coupon, which would stop future coupons. The securities are unsecured obligations of Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc. An underwriting fee of $8 per security is included in the $1,000 issue price; the issuer’s estimated value is $987.20 per security, based on internal models and funding rate.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is issuing callable contingent coupon equity-linked securities tied to the worst performer of the MSCI Emerging Markets Index, the S&P 500® Equal Weight Index and the SPDR® Gold Trust, maturing September 1, 2028. Each security has a $1,000 stated principal amount.
Investors may receive quarterly contingent coupons of at least 2.5625% of principal (at least 10.25% per annum) only if, on each valuation date, the worst-performing underlying is at or above 70% of its initial value. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon.
If held to maturity and not redeemed, principal is fully repaid only if the worst-performing underlying is at or above 60% of its initial value. Below that barrier, repayment is reduced 1-for-1 with the worst underlying’s loss, potentially to zero. The notes are unsecured and subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and may have limited or no secondary market liquidity.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured, senior, callable contingent coupon equity‑linked securities due September 6, 2029, fully and unconditionally guaranteed by Citigroup Inc. Each security has a $1,000 stated principal amount and is linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq‑100 Index® and the SPDR® S&P® Regional Banking ETF.
The notes pay a contingent coupon of 1.0333% per period (about 12.40% per annum) only if, on each valuation date, the worst performing underlying is at or above its coupon barrier of 70% of its initial value; otherwise no coupon is paid for that period. If not previously called, at maturity investors receive $1,000 per note only if the worst performer is at or above its final barrier of 60% of its initial value. Below that level, principal is reduced one‑for‑one with the decline in the worst performer, potentially to zero.
Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The issue price is $1,000, including up to a $5.00 underwriting fee, with estimated value on the pricing date expected to be at least $932 per security. Investors face underlying market risk, call risk, limited liquidity, complex U.S. tax treatment and the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing medium-term senior Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount and pays a contingent coupon of at least 1.0167% per period (approximately at least 12.20% per annum) only if, on the relevant valuation date, the worst performing index closes at or above 75% of its initial value. At maturity on September 6, 2028, if not earlier redeemed, investors receive $1,000 per security if the worst index is at or above 70% of its initial value; otherwise the payoff is $1,000 plus $1,000 times that index’s return, exposing principal to full downside to zero.
Citigroup may call the notes in whole on specified dates, paying $1,000 plus any due coupon, limiting the maximum coupon stream. An underwriting fee of up to $6.00 per security results in issuer proceeds of $994.00, while the estimated value on the pricing date is expected to be at least $940.00, reflecting structuring and hedging costs and the issuer’s internal funding rate.
Citigroup Inc. (C), as guarantor of notes issued by its subsidiary Citigroup Global Markets Holdings Inc., is offering autocallable medium-term senior notes linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, due September 14, 2032. The notes have a $1,000 stated principal amount per security, pay no interest and do not guarantee return of principal.
The notes may be automatically redeemed on scheduled valuation dates from September 10, 2027 through March 4, 2032 if the worst performing index is at or above its applicable premium threshold level; in that case investors receive $1,000 plus a fixed premium (from 9.60% up to 57.60% of principal, depending on the date). If not redeemed early, at maturity investors receive $1,000 plus the final-date premium if the worst performing index is at or above 80% of its initial value, $1,000 if it is between 75% and 80%, and suffer 1‑for‑1 loss below 75%, potentially losing all principal.
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 $933.50 per security, below the $1,000 issue price, reflecting structuring and hedging costs. The notes offer no dividends, have exposure to the small‑cap Russell 2000® Index, may be illiquid, and carry uncertain U.S. tax treatment, which counsel currently expects to treat as prepaid forward contracts.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in $1,000 denominations, fully and unconditionally guaranteed by Citigroup Inc. These autocallable securities are linked to the worst performing of the Nasdaq-100 Index® and the Russell 2000® Index.
The notes pay no interest and may be automatically redeemed on scheduled valuation dates from 2027 to 2031 if the worst performing index is at or above 95.00% of its initial value, paying $1,000 plus a fixed premium that steps from 9.75% up to 48.75% of principal. If not called, at maturity in 2031 investors receive $1,000 plus the 48.75% premium if the worst index is at or above 95.00%, $1,000 if it is between 85.00% and 95.00%, or $1,000 plus the index return if it is below 85.00%, exposing principal 1-for-1 to downside and potentially to total loss.
The issue price is $1,000 per security, including up to $41 underwriting fee, leaving issuer proceeds of at least $959 per note; the estimated value on the pricing date is expected to be at least $901, reflecting selling, structuring and hedging costs. The notes involve Citigroup credit risk, limited or no secondary market liquidity, complex payoff and tax treatment, loss of dividends on the indices and multiple market and correlation risks.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering medium-term senior notes titled Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Nasdaq-100®, Russell 2000® and S&P 500® indices, guaranteed by Citigroup Inc. The notes have a stated principal of $1,000 per security, pay a contingent coupon of at least 0.7475% per period (8.97% per annum) only when the worst-performing index on the relevant valuation date is at or above 70% of its initial value, and otherwise pay no coupon. If not called and the worst-performing index on the final valuation date is below 70% of its initial value, the maturity payment is reduced one-for-one with the index loss, down to zero, so investors may lose their entire investment. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The issue price is $1,000, including up to a $30 underwriting fee, with at least $970 per note to the issuer and an estimated initial value of at least $910. The notes carry Citigroup credit risk, have limited or no expected secondary market liquidity, complex tax treatment and potential 30% withholding on coupons for certain non-U.S. holders.
CITIGROUP INC, through subsidiary Citigroup Global Markets Holdings Inc., is offering autocallable medium-term senior notes linked to the worst performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, due September 14, 2032, with a $1,000 stated principal amount per security and a full guarantee by Citigroup Inc.
The notes pay no interest and may be automatically redeemed on scheduled valuation dates from September 10, 2027 through September 7, 2032 if the worst-performing index is at or above 92% of its initial value, in which case investors receive $1,000 plus a fixed premium that steps from 10% to 60%.
If not called, at maturity investors receive: $1,000 plus the final premium if the worst index is at or above 92% of its initial value; return of $1,000 if it is between 75% and 92%; or a loss matching the full downside of the worst index if it finishes below 75%, potentially losing the entire investment. The estimated value on the pricing date is expected to be at least $940 per security, below the $1,000 issue price, and the notes are subject to the credit risk of both the issuer and Citigroup Inc., with limited expected secondary market liquidity.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering medium-term senior notes called 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. The notes pay no interest, do not guarantee principal at maturity, and are fully and unconditionally guaranteed by Citigroup Inc.
The notes may be automatically redeemed on scheduled valuation dates from September 10, 2027 through September 7, 2032 if the worst-performing index is at or above 90% of its initial value, paying $1,000 plus a fixed premium that rises from 9.50% to 57.00% of principal over time. If not redeemed early, and on the final valuation date the worst-performing index is at or above 90% of its initial value, investors receive $1,000 plus the final premium; if it is between 75% and 90%, they receive only $1,000.
If on the final valuation date the worst-performing index is below 75% of its initial value, repayment is reduced 1-for-1 with the index decline, potentially to zero. Citigroup estimates the initial value of each note on the pricing date will be at least $940.50, below the $1,000 issue price, reflecting structuring, hedging costs and expected profit. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the notes may have limited or no secondary market liquidity.
Citigroup Inc (C), through Citigroup Global Markets Holdings Inc., is offering senior unsecured Buffered Equity Index Basket‑Linked Notes with a stated principal amount of $1,000 per note, linked to a non‑U.S. equity basket: EURO STOXX 50® (40%), TOPIX® (25%), FTSE® 100 (17%), Swiss Market Index® (11%) and S&P/ASX 200 (7%). The notes have a term expected to be 17–20 months, pay no interest and are fully and unconditionally guaranteed by Citigroup Inc.
The initial basket level is 100.00. At maturity, investors receive $1,000 plus 180% of any positive basket return, capped at a maximum settlement amount expected between $1,186.66 and $1,219.60 per $1,000 (cap level expected between 110.37% and 112.20% of the initial basket level). If the basket decline is within the 15% buffer (down to a basket level of 85.00), investors receive full principal; beyond that, losses accelerate at about 1.1765% of principal for every 1% decline past the buffer, with the possibility of losing the entire investment.
The notes are not listed on any exchange, may have limited or no liquidity, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. A portion of proceeds will be used to hedge the issuer’s obligations, and hedging and market‑making by affiliates may affect basket index levels and secondary prices. Tax treatment is uncertain; counsel views it as more likely than not that the notes are prepaid forward contracts for U.S. federal income tax purposes.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured, senior medium-term notes linked to the worst performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, with a Citigroup Inc. guarantee. The notes pay a contingent quarterly coupon of at least 0.7917% of the $1,000 principal (about 9.50% per year) only if on each valuation date the worst-performing index is at or above 70% of its initial level.
The issuer may redeem the notes at par plus any due coupon on specified dates from March 2027 through June 2028. If not redeemed, at August 2, 2028 maturity investors receive $1,000 per note only if the worst-performing index is at or above 60% of its initial level; otherwise principal is reduced in line with that index’s loss, potentially to $0, and no final coupon is paid.
The notes carry full credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., limited or no secondary market liquidity and an estimated value on the pricing date of at least $934 per $1,000 issue price due to selling, structuring and hedging costs and the use of an internal funding rate. U.S. tax treatment is uncertain, and non‑U.S. holders may face 30% withholding on coupons.
Citigroup Inc. (C), through subsidiary Citigroup Global Markets Holdings Inc., is offering callable contingent coupon equity-linked senior notes tied to the worst performer of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, maturing September 3, 2031. Each security has a $1,000 principal amount and may pay a quarterly contingent coupon of at least 0.7875% (at least 9.45% per annum) whenever the worst-performing index on the prior valuation date is at or above 70% of its initial value. Principal is protected only if, at final valuation, the worst-performing index is at or above 60% of its initial value; otherwise repayment is reduced one-for-one with that index’s decline, potentially to zero. The issuer can redeem the notes at par plus any coupon on specified dates, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., with limited expected liquidity and an initial estimated value of about $937.50 per $1,000.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, structured as callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing September 7, 2029 and fully guaranteed by Citigroup Inc.
Investors receive a contingent coupon of at least 0.6375% of the $1,000 principal per period (at least 7.65% per annum) only if on the relevant valuation date the worst-performing index is at or above its coupon barrier, set at 50% of its initial value. Citigroup may call the notes on specified dates for $1,000 plus any due coupon.
If not called, principal repayment depends solely on the worst-performing index at final valuation: if it is at or above 50% of its initial value, investors receive full principal; if below, repayment is reduced 1-for-1 with the index decline, potentially to zero, with no final coupon. The notes carry Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, limited liquidity, complex tax treatment and an estimated value on the pricing date expected to be below the $1,000 issue price.
CITIGROUP INC (C), through its subsidiary Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked medium-term senior notes due September 7, 2029, linked to the worst performer of the Dow Jones Industrial Average, Nasdaq‑100 Index® and Russell 2000® Index.
Each security has a $1,000 stated principal amount and pays a contingent coupon of at least 0.6792% per month (at least 8.15% per annum) only if, on the relevant valuation date, the worst performing index closes at or above its coupon barrier, set at 70% of its initial value. If on any potential autocall date the worst performer is at or above its initial value, the notes are automatically redeemed for $1,000 plus the coupon, which can terminate future income.
If not redeemed early and on the final valuation date the worst performer is at or above its final barrier (also 70% of initial), investors receive $1,000 plus any final coupon; otherwise, principal is reduced one-for-one with the index decline, down to zero. The notes are unsecured obligations of Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., with an estimated initial value of at least $913 per $1,000, below the issue price due to structuring, hedging costs and internal funding rates.
CITIGROUP INC, through Citigroup Global Markets Holdings Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the State Street® Consumer Staples Select Sector SPDR® ETF, the S&P 500® Index and the Russell 2000® Index, each with a $1,000 stated principal amount and full guarantee by Citigroup Inc. The notes are scheduled to price on August 25, 2026, be issued on August 28, 2026 and, unless earlier redeemed, mature on June 28, 2029.
Investors may receive a contingent coupon of at least 0.8417% of principal (about 10.10% per annum) on each payment date only if, on the prior valuation date, the worst performing underlying is at or above its applicable coupon barrier, which steps down from 85% to as low as 70% of its initial value. Principal is protected only by a 25.00% buffer: if, at final valuation, the worst underlying has fallen more than 25% below its initial value, repayment is reduced according to a formula using a buffer rate of about 133.3333%, and losses can be substantial. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The issue price is $1,000 per note, including a $2.00 underwriting fee, with estimated value of at least $914, and the notes carry complex market, credit and tax risks, including possible 30% withholding on coupon payments to certain non-U.S. holders.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form of Autocallable Contingent Coupon Equity Linked Securities linked to the worst performer of three State Street sector SPDR ETFs (communication services, energy, financials), due December 3, 2029 and fully guaranteed by Citigroup Inc.
Each $1,000 security may pay a contingent coupon of at least 0.80% per quarter (at least 9.60% per annum) only when the worst-performing ETF on a valuation date is at or above 70% of its initial value. Starting March 1, 2027, the notes are autocallable if the worst-performing ETF is at or above its initial level, in which case investors receive $1,000 plus the relevant coupon.
If not called, at maturity investors receive $1,000 only if the worst-performing ETF is at or above 70% of its initial level; otherwise they incur a 1-for-1 loss with the worst ETF’s decline, down to a possible zero return of principal and no final coupon. The issue price is $1,000, including a $30 underwriting fee, with expected estimated value of at least $899 per note. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and liquidity may be limited.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form of Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the iShares Silver Trust, the S&P MidCap 400 Index and the S&P SmallCap 600 Index, guaranteed by Citigroup Inc.
The notes have a $1,000 stated principal per security, price at $1,000, maturity on August 26, 2031, and pay a contingent coupon of at least 1.15% per period (13.80% p.a.) only if the worst-performing underlying on each valuation date stays at or above 60% of its initial value. Principal is protected only if, on the final valuation date, the worst-performing underlying is at or above 50% of its initial value; otherwise repayment is reduced one-for-one with that decline, potentially to zero. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. Issue proceeds per note are $997.50 after a $2.50 underwriting fee, and the initial estimated value is expected to be at least $917.00, reflecting structuring and hedging costs and internal funding assumptions. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through its wholly owned subsidiary Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form of callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, fully and unconditionally guaranteed by Citigroup Inc.
The notes have a stated principal of $1,000 per security, a final maturity on August 24, 2028, and pay a contingent coupon of at least 1.0208% per period (about 12.25% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier, set at 70% of its initial level for each index. If the notes are not redeemed and the worst-performing index finishes below its final barrier (also 70% of initial), investors’ principal is reduced 1% for every 1% decline and can be reduced to zero.
Citigroup may redeem the notes early on specified potential redemption dates, paying $1,000 plus any due coupon. The initial estimated value is expected to be at least $939.50 per security, below the $1,000 issue price, reflecting selling, structuring and hedging costs. Investors face equity-market risk on all three indices, issuer and guarantor credit risk, limited liquidity, complex U.S. tax treatment and the possibility of no coupons and substantial loss of principal.
CITIGROUP INC (symbol: C) is the issuer of record for a Form 424B2 filing submitted to the SEC.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering autocallable structured securities linked to the worst performing of the iShares Expanded Tech-Software Sector ETF (IGV) and the State Street Communication Services Select Sector SPDR ETF (XLC), fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount, with pricing on August 19, 2026, issue on August 24, 2026 and maturity on August 23, 2029, subject to earlier automatic redemption. Initial underlying values are $102.81 for IGV and $111.32 for XLC, with final barrier values at $71.967 and $77.924, respectively. On each quarterly valuation date, if both ETFs are at or above their applicable premium threshold level, the notes are automatically redeemed for $1,000 plus a fixed premium that steps up from 7.50% to 45.00% of principal by the final valuation date.
If not called, at maturity holders receive: $1,000 plus the final premium if the worst ETF is at or above its final premium threshold; $1,000 if it is below that threshold but at or above its final barrier; or full downside exposure to the worst ETF if it finishes below its barrier, potentially resulting in a substantial loss of principal. The total issue size is $13,879,000, with an underwriting fee of $21 per security and issuer proceeds of $979 per security. The estimated value is $965.60 per security, below the issue price, reflecting dealer models and internal funding rates. Investors receive no dividends or voting rights and face issuer and guarantor credit risk.
CITIGROUP INC (C), through its wholly owned subsidiary Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form of Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Dow Jones Industrial Average, Nasdaq-100 Index® and S&P 500® Index, due August 29, 2029. The notes have a stated principal amount of $1,000 per security and pay a contingent coupon of at least 1.0417% per observation period (at least 12.50% per annum) only if, on each valuation date, the worst-performing index is at or above 75.00% of its initial value.
If not called and at maturity the worst-performing index is at or above 70.00% of its initial value, investors receive the full $1,000 principal; otherwise they receive $1,000 plus $1,000 times the negative index return, with no minimum, so the repayment may be substantially less than principal and can be zero. Citigroup may redeem the notes early on specified coupon dates at $1,000 plus any due coupon. The notes are fully and unconditionally guaranteed by Citigroup Inc., but all payments are subject to the credit risk of both the issuer and guarantor. The issue price is $1,000 per security, including an underwriting fee of up to $4.00, with estimated value on the pricing date expected to be at least $940.50, reflecting structuring and hedging costs.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes titled Callable Contingent Coupon Equity Linked Securities linked to the worst performing of the Dow Jones Industrial Average, the Nasdaq-100 Index® and the S&P 500® Index, fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 stated principal amount. Investors may receive a contingent coupon of at least 0.9583% of principal per month (at least 11.50% per annum), paid only if on the relevant valuation date the worst performing index is at or above 70% of its initial value. Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon.
If not redeemed, at maturity in August 2029 investors receive $1,000 per security if the worst performing index is at or above 70% of its initial value; otherwise they receive $1,000 plus $1,000 times the index return of the worst performer, which can result in a substantial or total loss and no final coupon. The notes carry Citigroup Global Markets Holdings Inc. and Citigroup Inc. credit risk, may have limited or no liquidity, and their initial estimated value (expected to be at least $939.50 per security) is lower than the $1,000 issue price due to selling, structuring and hedging costs.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable securities linked to the S&P 500 Futures 35% Edge Volatility 6% Decrement Index (USD) ER, fully and unconditionally guaranteed by Citigroup Inc. Each security has a $1,000 stated principal amount, with total issuance of $1,200,000, a pricing date of August 19, 2026, issue date of August 24, 2026, and final valuation date of August 19, 2031.
The securities may be automatically redeemed on any scheduled valuation date from August 20, 2027 to August 19, 2031 if the index closes at or above a specified premium threshold (starting at 100% of the initial index level and stepping down to 62.5%), paying $1,000 plus a fixed premium that rises from 17.35% to 86.75% of principal. If not redeemed and the final index value is at least 60% of the initial value (333.997 vs initial 556.6612), investors receive $1,000 plus the final premium; otherwise they receive $1,000 plus $1,000 × index return, giving 1‑to‑1 downside exposure and potential loss of all principal.
The issue price is $1,000 per security, including up to $9.00 underwriting fee to CGMI; proceeds to the issuer are $991.00 per security. CGMI’s estimated value at pricing is $938.60, below issue price, reflecting internal funding and hedging costs. The complex underlying is a 35% volatility‑target, 6% per annum decrement index based on S&P 500 futures, and the securities are characterized for U.S. tax purposes as prepaid forward contracts, with detailed U.S. and non‑U.S. holder tax discussions and Section 871(m) analysis.
CITIGROUP INC (C), through its subsidiary Citigroup Global Markets Holdings Inc., is offering unsecured autocallable medium-term senior notes linked to the MSCI Emerging Markets Index, fully and unconditionally guaranteed by Citigroup Inc. Each security has a $1,000 stated principal amount, is issued on August 26, 2026, and may automatically redeem on scheduled valuation dates through August 21, 2031.
The notes pay no interest. If on any non-final valuation date the index closing value is at or above 90% of its initial level (the autocall barrier), investors receive $1,000 plus a fixed premium for that date and the notes terminate. If held to maturity and not earlier redeemed, investors receive $1,000 plus the final-date premium if the index is at or above the autocall barrier; $1,000 if the index is between 85% and 90% of its initial level; and a loss of principal if the index is below 85%, with losses magnified by a buffer rate of 1.1765.
Minimum premiums range from 11.90% (first call date) up to 59.50% (final valuation date). The issuer expects the estimated value on the pricing date to be at least $942.50 per $1,000, below the issue price, reflecting structuring and hedging costs. Investors face credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., market risk of emerging markets equities and currencies, no dividends or voting rights, limited or no liquidity, and complex and uncertain U.S. tax treatment.
CITIGROUP INC (through Citigroup Global Markets Holdings Inc.) is offering callable fixed rate notes due September 24, 2027, with a stated principal amount of $1,000 per note and a fixed interest rate of 4.28% per annum. Payments on the notes are fully and unconditionally guaranteed by Citigroup Inc.
Interest is calculated on an Actual/360 day count basis and paid on February 24, 2027, August 24, 2027 and at maturity, to holders of record as described. Beginning on February 24, 2027, the issuer may redeem the notes in whole on any redemption date at 100% of principal plus accrued interest.
The notes will not be listed on any securities exchange. The issue price is $1,000 per note, with CGMI receiving an underwriting fee of up to $0.30 per note; selected dealers may receive selling concessions out of this amount. Net proceeds will be used for general corporate purposes and related hedging. For approximately three months after issuance, secondary values shown by CGMI will include a temporary upward adjustment that declines to zero on a straight-line basis. The notes are treated as fixed rate debt instruments issued without original issue discount for U.S. federal income tax purposes and are subject to selling restrictions in the EEA, United Kingdom and Canada.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured Medium-Term Senior Notes, Series N, in the form 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, due September 6, 2028. The notes pay a contingent coupon of at least 1.0417% of the stated principal amount per period (approximately at least 12.50% per annum) only if, on each valuation date, the worst performing index is at or above 70% of its initial value, which also serves as the coupon barrier and final barrier.
The issuer may redeem the notes early on specified potential redemption dates at $1,000 per security plus any due coupon. If held to maturity and not redeemed, investors receive $1,000 per security only if the worst performing index on the final valuation date is at or above its final barrier; otherwise, repayment is reduced 1:1 with the index decline and can fall to zero. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., the notes are expected to have limited liquidity, and the estimated value on the pricing date will be lower than the $1,000 issue price (currently expected to be at least $939.50 per security).
Citigroup Inc. (C), through Citigroup Global Markets Holdings Inc., is offering $1,080,000 of Autocallable Contingent Coupon Equity Linked Securities linked to the worst of the Invesco QQQ Trust, Series 1 and the SPDR S&P 500 ETF Trust, maturing August 27, 2029 and fully guaranteed by Citigroup Inc.
The notes pay a quarterly contingent coupon of 2.1875% of principal (8.75% per annum) only if, on each valuation date, the worst-performing ETF is at or above 70% of its initial level; unpaid coupons are “memory” and may be paid later if the barrier is met. The notes may be called early on specified dates if the worst-performing ETF is at or above its initial level, returning $1,000 plus due coupons.
If not called and the worst-performing ETF is at or above 70% of its initial level at final valuation, investors receive $1,000 per note; otherwise they receive a fixed number of shares of that ETF (or cash equivalent), which can be worth substantially less than principal, with no minimum repayment. The issue price is $1,000, including a $13.50 underwriting fee (proceeds $986.50), and the initial estimated value is $983.60, below issue. Investors face ETF market risk, worst-of structure risk, issuer and guarantor credit risk, limited liquidity, and complex U.S. tax treatment, including potential 30% withholding on coupons for non‑U.S. holders.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is issuing unsecured, index-linked notes due August 24, 2027, linked to the worst performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index. Each $1,000 security pays a fixed coupon of 0.83% per month (9.96% per annum), starting September 2026, as long as the notes are outstanding. Citigroup Inc. fully and unconditionally guarantees all payments.
At maturity, if the notes have not been called and the worst-performing index is at or above 70% of its initial value, investors receive $1,000 plus the final coupon. If it is below 70%, principal is reduced 1% for each 1% decline in that index, down to zero (excluding the final coupon). The issuer may call the notes at par plus coupon on monthly dates from February through July 2027, limiting upside from continued coupons. Initial index levels are 29,426.02 (Nasdaq-100), 3,032.942 (Russell 2000) and 7,707.98 (S&P 500). The issue price is $1,000, with an estimated value of $993.20 per note and a total offering size of $120.37 million. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the notes may have limited or no secondary market liquidity.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering unsecured, callable equity-linked securities guaranteed by Citigroup Inc., tied to the worst performing of the Nasdaq-100 Index®, Russell 2000® Index and S&P 500® Index, maturing August 24, 2027. The notes pay a fixed coupon of 1.02% per month of the $1,000 stated principal amount (annualized 12.24%), until redeemed or maturity.
The notes may be called at the issuer’s option on monthly dates from February to July 2027 at $1,000 plus the coupon. If not called, principal repayment depends solely on the worst-performing index. A full principal repayment occurs if no “knock-in event” has occurred or if the worst-performing index finishes at or above its initial level. If any index ever closes below 70% of its initial value during the observation period and the worst-performing index ends below its initial value, repayment is reduced 1% for each 1% decline in that index, potentially to $0 (excluding the final coupon).
The issue price is $1,000 per note, including a $4.50 underwriting fee; total offering size is $58,778,000 with net proceeds of $58,513,499. The estimated value on the pricing date is $991.70 per note, reflecting selling, structuring and hedging costs and use of the issuer’s internal funding rate. Payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the notes may have limited or no secondary market liquidity.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering Autocallable Contingent Coupon Equity Linked Securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, due August 23, 2029, fully and unconditionally guaranteed by Citigroup Inc.
The notes pay a 0.8125% contingent coupon per month (annualized 9.75%) only if, on each valuation date, the worst-performing index is at or above its coupon barrier, set at 60% of its initial level. The same 60% level serves as the final barrier for principal protection at maturity.
The notes are principal-at-risk: if not called early and the worst index finishes below its final barrier, repayment is reduced one-for-one with the index loss, down to zero. The notes may be autocalled from February 19, 2027 onward if the worst index is at or above its initial level, returning $1,000 plus the coupon, which caps further income. All payments depend on the credit of Citigroup Global Markets Holdings Inc. and Citigroup Inc., the estimated value at pricing ($990.90) is below the $1,000 issue price, liquidity is expected to be limited, and U.S. tax treatment is uncertain, with non‑U.S. holders potentially subject to 30% withholding on coupons.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq‑100, Russell 2000 and S&P 500 indices, maturing on August 23, 2029 and fully and unconditionally guaranteed by Citigroup Inc.
Each $1,000 security may pay a 0.975% contingent coupon per valuation period (equivalent to 11.70% per annum) only if the worst-performing index is at or above its coupon barrier, set at 75% of its initial value. Principal repayment is also contingent: if, at final valuation, the worst-performing index is below its final barrier (75% of initial), investors lose 1% of principal for each 1% decline, potentially losing all principal. Citigroup may redeem the notes early at par plus any due coupon, and the estimated value at pricing is $987.70 per $1,000, below the issue price, reflecting selling, structuring and hedging costs.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering callable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index, maturing on August 23, 2029, and fully and unconditionally guaranteed by Citigroup Inc.
Each security has a $1,000 principal amount and pays a contingent coupon of 0.8833% per month (about 10.60% per annum) only if, on the relevant valuation date, the worst-performing index is at or above its coupon barrier of 70% of its initial level; otherwise no coupon is paid. Principal is protected only if, on the final valuation date, the worst-performing index is at or above its final barrier of 60% of its initial level. Below that, repayment is reduced 1-for-1 with the index loss, potentially to zero.
Citigroup may redeem the notes early on specified dates starting in 2027, paying $1,000 plus any due coupon, which would cut off future coupons. The notes are unsecured obligations subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., are expected to have limited liquidity, and have an estimated value at pricing of $987.20 per $1,000, below the issue price, reflecting fees and hedging costs.
CITIGROUP INC (C), via Citigroup Global Markets Holdings Inc., is offering autocallable contingent coupon equity-linked securities tied to the worst performer of the Nasdaq‑100 Index, Russell 2000 Index and S&P 500 Index, with a $1,000 stated principal per security and maturity on August 23, 2029.
The notes pay a quarterly contingent coupon of 0.925% of principal (11.10% per annum) only if, on the relevant valuation date, the worst-performing index is at or above 80% of its initial value; missed coupons can be “made up” if the condition is later satisfied. The notes are automatically called on specified dates if the worst-performing index is at or above its initial level, returning $1,000 plus the due coupon.
If not called, principal is fully repaid only if the worst-performing index on the final valuation date is at or above 70% of its initial value; otherwise, repayment is reduced one-for-one with the index loss, potentially to zero. The total issuance is $2,015,000 at $1,000 per note, with an estimated value of $987.80 and an underwriting fee of up to $7.50 per note. All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering Trigger Callable Contingent Yield Notes linked to the least performing of the S&P 500 Index, EURO STOXX 50 Index and Russell 2000 Index, fully and unconditionally guaranteed by Citigroup Inc. Each note has a stated principal amount of $10.00, a term of approximately 3.5 years from an expected trade date of August 21, 2026 to a maturity date of February 25, 2030, unless called earlier.
The notes pay a contingent coupon of $0.285 per quarter per $10 note (an annual rate of 11.40%) only if on every trading day in the relevant quarter all three indexes remain at or above their coupon barriers, set at 70% of their initial levels. If any index closes below its barrier on any day in the period, no coupon is paid for that quarter. The issuer may, in its sole discretion, call the notes on any coupon payment date and repay principal plus any due coupon.
If not called, principal repayment at maturity depends on the least performing index. If that index finishes at or above its downside threshold of 60% of its initial level, investors receive full principal plus any due coupon. If it finishes below its downside threshold, repayment is reduced in proportion to the index decline, down to a possible 100% loss of principal. Payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and secondary market value may be below the $10.00 issue price.
Citigroup Inc. (C), through Citigroup Global Markets Holdings Inc., is issuing unsecured Callable Contingent Coupon Equity Linked Securities linked to the worst performer of the Dow Jones Industrial Average, Nasdaq-100 Index® and S&P 500® Index, maturing on August 23, 2029, with a $1,000 stated principal amount per security.
The notes pay a contingent coupon of 1.0125% per month (annualized 12.15%) only if, on each valuation date, the worst performing index is at or above 75% of its initial value; otherwise no coupon is paid. Principal is protected only if, on the final valuation date, the worst performer is at or above 70% of its initial value, in which case investors receive $1,000; below that level, repayment is reduced one-for-one with the index loss and can fall to zero.
Citigroup may redeem the notes early on specified dates at $1,000 plus any due coupon. The total offering is $1.528 million at a price of $1,000 per note, with an estimated value of $988.90 based on Citigroup Global Markets Inc.’s models. All payments are subject to the credit risk of the issuer and guarantor and the notes are expected to have limited liquidity.
CITIGROUP INC, through Citigroup Global Markets Holdings Inc., is offering contingent barrier securities linked to the MSCI Emerging Markets Index (MXEF), each with a stated principal amount of $1,000 and fully and unconditionally guaranteed by Citigroup Inc.
At maturity in August 2029, investors receive: (i) $1,000 plus 100% of any positive index return if the final index level is above the initial level; (ii) the $1,000 principal if the final index level is at or below the initial level but at or above the barrier level of 71.30% of the initial index; or (iii) $1,000 plus the index return (1‑for‑1 downside) if the final index level is below the barrier, which can result in a loss of up to 100% of principal.
The issue price is $1,000 per security, including a $20 underwriting fee, with $980 per security in proceeds to the issuer; the estimated value on the pricing date is expected to be at least $918.50, reflecting internal funding and hedging costs. The securities pay no coupons or dividends, are unsecured obligations subject to Citigroup and Citigroup Inc. credit risk, and are not bank deposits or FDIC insured. Tax counsel expects to treat the securities as a prepaid forward contract, though this treatment is uncertain and could change, and specialized rules such as Section 871(m) may affect non‑U.S. holders.
CITIGROUP INC (C), through Citigroup Global Markets Holdings Inc., is offering autocallable barrier securities linked to Liberty Energy Inc. (LBRT) under its Medium-Term Senior Notes, Series N program. The notes are unsecured obligations of Citigroup Global Markets Holdings Inc. and are fully and unconditionally guaranteed by Citigroup Inc.
The securities have a $1,000 stated principal, no periodic interest, and mature on August 24, 2029, unless automatically redeemed earlier. An automatic early redemption on August 30, 2027 pays $1,000 plus a 33.50% premium if Liberty’s closing value is at or above its initial value. If held to maturity and not called, investors receive leveraged upside at a 150% upside participation rate when the final value exceeds the initial value, par repayment if the final value is between the initial value and a 60% barrier, and Liberty shares (or cash equivalent) if the final value is below the barrier, exposing investors to losses up to 100% of principal.
Citigroup Global Markets Inc. acts as underwriter, receiving up to $23.50 per note; proceeds to the issuer are $976.50 per note at maximum fees. The issuer expects the initial estimated value to be at least $853 per note, below the issue price, reflecting structuring, distribution, and hedging costs and use of an internal funding rate. The notes carry Citigroup issuer and guarantor credit risk, lack liquidity assurances, pay no dividends on Liberty shares, and involve complex U.S. tax and Section 871(m) considerations.