CITIGROUP INC is offering callable contingent-coupon securities that pay $1,000 in cash per security if redeemed. The linked return depends on the worst-performing of three indexes, while investors receive potential periodic coupons, a generally higher potential Yield than conventional debt, and exposure to lower actual yield.

Key Highlights

  • Citigroup Global Markets Holdings Inc. is offering Medium-Term Senior Notes, Series N, guaranteed by Citigroup Inc.
  • Guaranteed by Citigroup Inc. and due in 2028.
  • Contingent coupons may offer a higher annualized yield than conventional Debt but may result in a lower actual yield.

Senior Notes Carry 2028 Maturity

CITIGROUP INC (NYSE: C) is identified as a major banks company. Citigroup Global Markets Holdings Inc. issues the unsecured securities, which Citigroup Inc. guarantees. The securities are due in 2028.

Contingent Coupons Create Yield Tradeoff

The securities may pay periodic contingent coupons at an annualized rate that, if every payment is made, would generally result in a higher yield than conventional debt with the same maturity. Their actual yield can be lower because coupon payments are contingent.