CITIGROUP INC is offering unsecured, guaranteed notes with a $1,000 Redemption amount, contingent coupon payments and an automatic early-call feature tied to the worst-performing linked underlying. The structure matters because investors may receive a higher potential Yield than conventional Debt of the same maturity, while accepting early redemption and market-linked risks.

Key Highlights

  • The securities are unsecured obligations of Citigroup Global Markets Holdings Inc. and carry a guarantee from Citigroup Inc.
  • Automatic redemption can return $1,000 in cash plus the applicable contingent coupon when the worst-performing underlying meets its required level.
  • The securities are scheduled to mature on September 26, 2029.

CITIGROUP INC (NYSE: C) is a Major Banks company. The notes mature on September 26, 2029.

Note Structure and Distribution Terms

Citigroup Global Markets Holdings Inc. issues the securities as unsecured debt, while Citigroup Inc. guarantees them. The notes are not bank deposits and lack insurance or guarantees from the Federal Deposit Insurance Corporation or another government agency. Citigroup Global Markets Inc. and its affiliates may earn from hedging activity connected with the offering, including when the securities decline in value.

Early Redemption and Investor Tradeoffs

An automatic call can occur when the worst-performing underlying closes at or above its initial value on a potential autocall date. The early-redemption mechanism can limit the investment's potential return by ending the opportunity to receive further contingent coupons before maturity. The prospectus states that the potential yield may generally exceed that of conventional debt securities with the same maturity, while investors accept risks beyond those associated with conventional debt.