Citigroup Global Markets Holdings Inc.

Free Writing Prospectus to Pricing Supplement No. 2024-USNCH22645

Registration Statement Nos. 333-270327 and 333-270327-01

Dated July 12, 2024; Filed pursuant to Rule 433

   

Dual Directional Trigger Jump Securities Based on the EURO STOXX 50® Index Due August     , 2029
Principal at Risk Securities

This document provides a summary of the terms of the securities.  Investors must carefully review the accompanying preliminary pricing supplement referenced below, product supplement, underlying supplement, prospectus supplement and prospectus, and the “Risk Considerations” on the following page, prior to making an investment decision.

Summary Terms
Issuer: Citigroup Global Markets Holdings Inc.
Guarantor: Citigroup Inc.
Underlying index: The EURO STOXX 50® Index (ticker symbol: “SX5E”)
Stated principal amount: $1,000 per security
Pricing date: July 31, 2024
Issue date: August 5, 2024
Valuation date: July 31, 2029, subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur.
Maturity date: August 3, 2029
Payment at maturity1:

For each $1,000 stated principal amount security you hold at maturity:

§

If the final index level is greater than or equal to the initial index level:
$1,000 + the greater of (i) fixed return amount and (ii) $1,000 × the index return  

§

If the final index level is less than the initial index level but greater than or equal to the trigger level:
$1,000 + ($1,000 × the absolute index return)

§

If the final index level is less than the trigger level:
$1,000 + ($1,000 × the index return)

If the final index level is less than the trigger level, your payment at maturity will be less, and possibly significantly less, than $750.00 per security. You should not invest in the securities unless you are willing and able to bear the risk of losing a significant portion and up to all of your investment.

Initial index level: The closing level of the underlying index on the pricing date
Final index level: The closing level of the underlying index on the valuation date
Fixed return amount: $486.50 per security (48.65% of the stated principal amount). You will receive the fixed return amount only if the final index level is greater than or equal to the initial index level.
Absolute index return: The absolute value of the index return

Index return: (i) The final index level minus the initial index level, divided by (ii) the initial index level
Trigger level: 75.00% of the initial index level
CUSIP/ISIN: 17332MHS6 / US17332MHS61
Preliminary pricing supplement: https://www.sec.gov/Archives/edgar/data/200245/000095010324009965/
dp214482_424b2-us2499108d.htm

 

Hypothetical Payout at Maturity1
Change in Underlying Index Return on Securities
+100.00% +100.00%
+75.00% +75.00%
+50.00% +50.00%
+48.65% +48.65%
+40.00% +48.65%
+30.00% +48.65%
+20.00% +48.65%
+10.00% +48.65%
+5.00% +48.65%
0.00% +48.65%
-5.00% +5.00%
-10.00% +10.00%
-20.00% +20.00%
-25.00% +25.00%
-26.00% -26.00%
-30.00% -30.00%
-40.00% -40.00%
-50.00% -50.00%
-75.00% -75.00%
-100.00% -100.00%
1All payments are subject to our credit risk

 
On the date of the accompanying preliminary pricing supplement, Citigroup Global Markets Holdings Inc. expects that the estimated value of the securities on the pricing date will be at least $906.00 per security, which will be less than the public offering price. The estimated value of the securities is based on Citigroup Global Markets Inc.’s (“CGMI”) proprietary pricing models and Citigroup Global Markets Holdings Inc.’s internal funding rate. It is not an indication of actual profit to CGMI or other of Citigroup Global Markets Holdings Inc.’s affiliates, nor is it an indication of the price, if any, at which CGMI or any other person may be willing to buy the securities from you at any time after issuance. See “Valuation of the Securities” in the accompanying preliminary pricing supplement.

 

 

 

Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed registration statements (including the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement and prospectus in those registration statements (File Nos. 333-270327 and 333-270327-01) and the other documents Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed with the SEC for more complete information about Citigroup Global Markets Holdings Inc., Citigroup Inc. and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request these documents by calling toll-free 1-800-831-9146.