Citigroup Inc. filings document the regulatory record of a global financial institution with common stock, preferred stock, medium-term senior notes and other registered securities. Form 8-K reports cover quarterly and annual results, financial data supplements, Regulation FD materials, registered-security schedules and exhibits tied to debt and preferred stock instruments.
The company’s SEC record also includes proxy disclosures on board governance, shareholder voting matters and executive compensation. Other filings document amendments to the certificate of incorporation through preferred stock designations, underwriting agreements, supplemental indentures and segment-reporting changes affecting Wealth, U.S. Personal Banking, Services, Markets and Banking.
Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., is offering principal-at-risk “Jump Securities” linked to the worst performing of three sector ETFs: Energy Select Sector SPDR (XLE), Industrial Select Sector SPDR (XLI) and Technology Select Sector SPDR (XLK).
Key structural features
- Unsecured senior notes issued under the Series N medium-term note program; CUSIP 17333LCV5; Form 424B2 preliminary pricing supplement dated June 30, 2025.
- Issue price: $1,000 per security; expected issue date July 3 2025; maturity July 3 2031 (6-year stated tenor).
- Automatic quarterly redemption begins July 7 2026. If, on any valuation date, the worst performing ETF closes ≥ 90% of its initial level, investors receive $1,000 plus the pre-set premium for that date (starting at 9.70% and stepping up to 55.775%). Securities then cease to exist.
- Final payment if not auto-called:
- If the worst performer’s final level ≥ initial level: return of principal + 58.20% premium.
- If the final level < initial level: leveraged downside; investors lose 1% of principal for every 1% decline, up to 100% loss.
- No interim coupons; returns are realized only through early redemption or at maturity.
- Estimated value: ≥ $873.50 (87.35% of issue price) on the pricing date, reflecting dealer models and Citigroup’s funding curve; does not represent secondary-market value.
- Fees: $35 underwriting fee per note; of which $30 selling concession and $5 structuring fee payable to Morgan Stanley Wealth Management.
- Liquidity: not exchange-listed; secondary trading, if any, will be limited and at prices set by CGMI.
- Credit risk: all payments depend on the ability of Citigroup Global Markets Holdings Inc. and Citigroup Inc. to perform.
Investor considerations: Suitable only for investors who (1) have a moderately bullish or range-bound outlook on the three sectors collectively; (2) can tolerate full loss of principal; and (3) accept the lack of liquidity and the issuer’s credit risk. The stepped premiums provide a defined return schedule but may underperform direct ETF ownership if the worst performer appreciates strongly yet is not called until late in the schedule.