Citigroup Files Prospectus Supplement for Medium-Term Notes

TL;DR

Citi dropped a prospectus supplement for new notes. Details on rates & maturity inside.

AI Summary

Citigroup Inc. filed a 424B2 prospectus supplement on April 7, 2026, related to its Medium-Term Notes, Series E. The filing details the terms of specific notes, including their principal amounts, interest rates, and maturity dates, as part of its ongoing debt issuance program. This supplement provides crucial information for potential investors regarding the specific debt securities being offered.

Why It Matters

This filing provides potential investors with detailed terms for specific debt securities being offered by Citigroup, impacting their investment decisions.

Risk Assessment

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

Key Players & Entities

• Citigroup Inc. (company) — Filer of the 424B2 form.
• Citigroup Global Markets Holdings Inc. (company) — Filer of the 424B2 form.
• 0000950103-26-005413 (filing_id) — SEC Accession Number for this filing.
• 2026-04-07 (date) — Filing date.

FAQ

Key Financial Figures

• $1,000 — e; Index ER Stated principal amount: $1,000 per security Pricing date: April 7,
• $1,000.00 — 2) Proceeds to issuer Per security: $1,000.00 $20.00 $980.00 Total: $ $ $ (1
• $20.00 — s to issuer Per security: $1,000.00 $20.00 $980.00 Total: $ $ $ (1) Citigr
• $980.00 — uer Per security: $1,000.00 $20.00 $980.00 Total: $ $ $ (1) Citigroup Globa
• $872.50 — es on the pricing date will be at least $872.50 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
• $202.07 — × (254 / 2,514) × 200.00% = $202.07 $1,000 + applicable premium = $1,202.0
• $1,202.07 — $202.07 $1,000 + applicable premium = $1,202.07 . . . . . . . . . April 10, 2031
• $1,001.59 — imes; (1,259 / 2,514) × 200.00% = $1,001.59 $1,000 + applicable premium = $2,001.5
• $2,001.59 — 1,001.59 $1,000 + applicable premium = $2,001.59 . . . . . . . . . April 10, 2034
• $1,599.05 — imes; (2,010 / 2,514) × 200.00% = $1,599.05 $1,000 + applicable premium = $2,599.0
• $2,599.05 — 1,599.05 $1,000 + applicable premium = $2,599.05 . . . . . . . . . April 9, 2036 (
• $1,999.20 — imes; (2,513 / 2,514) × 200.00% = $1,999.20 $1,000 + applicable premium = $2,999.2
• $2,999.20 — 1,999.20 $1,000 + applicable premium = $2,999.20 Payout Diagram The diagram below ill
• $2,000.00 — to the final valuation date = $1,000 + $2,000.00 = $3,000.00 In this scenario, the und

Filing Documents

• dp244927_424b2-us26e3519d.htm (424B2) — 168KB
• image_007.jpg (GRAPHIC) — 21KB
• image_008.jpg (GRAPHIC) — 24KB
• image_009.jpg (GRAPHIC) — 18KB
• image_010.jpg (GRAPHIC) — 21KB
• image_011.jpg (GRAPHIC) — 26KB
• 0000950103-26-005413.txt ( ) — 322KB

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. SUBJECT TO COMPLETION, DATED APRIL 7, 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 Barrier Autocallable Securities Linked to the Nasdaq-100 Futures 35% Edge Volatility 6% Decrement ™ Index ER Due April 16, 2036 ▪ The securities offered by this pricing supplement are unsecured debt securities issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc. Unlike conventional debt securities, the securities do not pay interest, do not guarantee the repayment of principal at maturity and are subject to potential automatic early redemption on the terms described below. Your return on the securities will depend on the performance of the underlying specified below. ▪ The securities offer the potential for automatic early redemption at a premium if the closing value of the underlying is greater than or equal to the initial underlying value on any trading day during the autocall period specified below. If the securities are not automatically redeemed prior to maturity, the securities will provide for repayment of the stated principal amount plus a premium at maturity if the final underlying value is greater than or equal to the trigger value specified below. However, if the securities are not automatically redeemed prior to maturity and the final underlying value is less than the trigger value, you will lose 1% of the stated principal amount of your securities for every 1% by which the final underlying value is less than the initial underlying value. You may lose a significant portion, and up to all, of your investment. ▪ 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 Stated principal amount: $1,000 per security Pricing date: April 7, 2026 Issue date: April 10, 2026 Final valuation date: April 10, 2036, subject to postponement if such date is not a scheduled trading day or certain market disruption events occur Maturity date: Unless earlier redeemed, April 16, 2036 Automatic early redemption: If, on any trading day during the autocall period, the closing value of the underlying is greater than or equal to the initial underlying value (the first such day to occur during the autocall period, the “autocall date”), the securities will be automatically redeemed on the third business day immediately following the autocall date for an amount in cash per security equal to $1,000 plus the premium determined as set forth below. If the securities are automatically redeemed during the autocall period, they will cease to be outstanding and you will not receive any other payment on the securities. Autocall period: The period from and including April 12, 2027 to but excluding the final valuation date Premium: $1,000 × [(elapsed days / total days) × the premium rate] Premium rate: At least 200.00%. The actual premium rate