Citigroup Files Prospectus Supplement for Debt Issuance

TL;DR

Citi just dropped a prospectus for new debt notes. Check the terms before buying.

AI Summary

Citigroup Inc. filed a 424B2 prospectus supplement on April 3, 2026, related to its Medium-Term Notes, Series E program. This filing details the terms of specific notes being offered, including their interest rates, maturity dates, and other conditions, as part of Citigroup's ongoing debt issuance activities.

Why It Matters

This filing provides crucial details for investors considering purchasing Citigroup's debt securities, outlining the specific terms and risks associated with the offered notes.

Risk Assessment

Risk Level: low — This is a standard prospectus supplement for debt issuance, not indicating any unusual risks.

Key Players & Entities

• CITIGROUP INC (company) — Filer of the 424B2 filing
• Citigroup Global Markets Holdings Inc. (company) — Filer of the 424B2 filing
• 0000831001 (company) — CIK for CITIGROUP INC
• 0000200245 (company) — CIK for Citigroup Global Markets Holdings Inc.
• 2026-04-03 (date) — Filing Date of the 424B2 document

FAQ

Key Financial Figures

• $1,000 — e; Index ER Stated principal amount: $1,000 per security Pricing date: April 24,
• $1,000.00 — 2) Proceeds to issuer Per security: $1,000.00 $20.00 $980.00 Total: $ $ $ (K
• $20.00 — s to issuer Per security: $1,000.00 $20.00 $980.00 Total: $ $ $ (Key Terms
• $980.00 — uer Per security: $1,000.00 $20.00 $980.00 Total: $ $ $ (Key Terms continue
• $876.00 — es on the pricing date will be at least $876.00 per security, which will be less than t
• $1.50 — electronic platform providers a fee of $1.50 for each security sold in this offering
• $15.2917 — 5 (greater than coupon barrier value) $15.2917 (contingent coupon is paid; securitie
• $0.00 — 45 (less than coupon barrier value) $0.00 (no contingent coupon; securities not
• $1,015.2917 — er value and initial underlying value) $1,015.2917 (contingent coupon is paid; securitie
• $1,061.1668 B — securities redeemed) Total payment: $1,061.1668 Because the closing value of the underlyi
• $1,061.1668 — you would receive for each security is $1,061.1668. No further payments will be made on th
• $300.00 — 5 30 (less than final barrier value) $300.00 Example 6 20 (less than final barri
• $200.00 — 6 20 (less than final barrier value) $200.00 Example 3: The final underlying value
• $700.00 — + ($1,000 × -70.00%) = $1,000 + -$700.00 = $300.00 In this scenario, because t
• $800.00 — + ($1,000 × -80.00%) = $1,000 + -$800.00 = $200.00 In this scenario, because t

Filing Documents

• dp244822_424b2-us26e3035d.htm (424B2) — 179KB
• image_001.jpg (GRAPHIC) — 19KB
• image_002.jpg (GRAPHIC) — 25KB
• image_003.jpg (GRAPHIC) — 18KB
• image_004.jpg (GRAPHIC) — 16KB
• 0000950103-26-005322.txt ( ) — 289KB

From the Filing

PRICING SUPPLEMENT The information in this preliminary pricing supplement is not complete and may be changed. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. This preliminary pricing supplement and the accompanying product supplement, index supplement, prospectus supplement and prospectus are not an offer to sell these securities, nor are they soliciting an offer to buy these securities, in any state where the offer or sale is not permitted. 2026 Citigroup Global Markets Holdings Inc. April , 2026 Medium-Term Senior Notes, Series N Pricing Supplement No. 2026-USNCH[ ] Filed Pursuant to Rule 424(b)(2) Registration Statement Nos. 333-293732 and 333-293732-02 Autocallable Contingent Coupon Equity Linked Securities Linked to the Nasdaq-100 Futures 35% Edge Volatility 6% Decrement ™ Index ER Due May 4, 2033 ▪ The securities offered by this pricing supplement are unsecured debt securities issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc. The securities offer the potential for periodic contingent coupon payments at an annualized rate that, if all are paid, would produce a yield that is generally higher than the yield on our conventional debt securities of the same maturity. In exchange for this higher potential yield, you must be willing to accept the risks that (i) your actual yield may be lower than the yield on our conventional debt securities of the same maturity because you may not receive one or more, or any, contingent coupon payments, (ii) the value of what you receive at maturity may be significantly less than the stated principal amount of your securities, and may be zero, and (iii) the securities may be automatically called for redemption prior to maturity on any trading day during the autocall period specified below. Each of these risks will depend on the performance of the underlying specified below. Although you will have downside exposure to the underlying, you will not receive dividends with respect to the underlying or participate in any appreciation of the underlying. ▪ The underlying is highly risky because it may reflect highly leveraged exposure to any decline in the Citi Equity US Tech Large Cap QX Market Tracker Series 4 Index, which we refer to as the “underlying futures index”. The underlying futures index tracks futures contracts on the Nasdaq-100 Index ® and is likely to underperform the Nasdaq-100 Index ® because of an implicit financing cost. In addition, the underlying is subject to a decrement of 6% per annum, which will be a significant drag on its performance. Each of the underlying and the underlying futures index is published by Citigroup Global Markets Limited, an affiliate of ours. You should carefully review the section “Summary Risk Factors—Summary of Key Risks Relating to the Underlying” in this pricing supplement. ▪ Investors in the securities must be willing to accept (i) an investment that may have limited or no liquidity and (ii) the risk of not receiving any payments due under the securities if we and Citigroup Inc. default on our obligations. All payments on the securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. KEY TERMS Issuer: Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc. Guarantee: All payments due on the securities are fully and unconditionally guaranteed by Citigroup Inc. Underlying: The Nasdaq-100 Futures 35% Edge Volatility 6% Decrement ™ Index ER $1,000 per security Pricing date: April 24, 2026 Issue date: April 29, 2026 Valuation dates: The 29th day of each month except February and the last day of each February, beginning in May 2026 and ending in April 2033, provided that the April 2033 valuation date will be April 29, 2033 (the “final valuation date”), each subject to postponement if such date is not a scheduled trading day or certain market disruption events occur Maturity date: Unless earlier redeemed, May 4, 2033 Contingent coupon payment dates: The third business day after each valuation date, except that the contingent coupon payment date following the final valuation date will be the maturity date Contingent coupon: On each contingent coupon payment date, unless previously redeemed, the securities will pay a contingent coupon equal to at least 1.52917% of the stated principal amount of the securities (equivalent to a contingent coupon rate of approximately at least 18.35% per annum) (to be determined on the pricing date) if and only if the closing value of the underlying on the immediately preceding valuation date is greater than or equal to the coupon barrier value. If the closing value of the underlying on any valuation date is less than the coupon barrier value, you will not receive any contingent coupon payment on the immediately foll

View Full Filing

View this 424B2 filing on SEC EDGAR