Preliminary terms for 3-year autocallable contingent coupon securities
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., disclosed preliminary terms for 3-year autocallable contingent coupon securities linked to the worst of NDX, RTY and SPX, with a $1,000 stated principal amount, an 8.50% contingent coupon and a November 28, 2029 maturity date.
Key takeaways
Structure: The securities have a $1,000 stated principal amount, mature on November 28, 2029 and reference the worst performer of the Nasdaq-100 Index, Russell 2000 Index and S&P 500 Index.
Coupon: An 8.50% per annum contingent coupon is paid monthly only when the worst performer closes at or above 70.00% of its initial underlying value; receipt of any coupon is not assured.
Autocall: Beginning after one year, quarterly autocall dates apply, and the securities are automatically redeemed for the principal plus the related contingent coupon if the worst performer closes at or above its initial underlying value.
Maturity payoff: The payment is $1,000 if the worst performer closes at or above its 70.00% final barrier; otherwise, it is $1,000 plus $1,000 multiplied by the worst performer's final underlying return, with a possible payment of $0.00.
Credit risk: All payments are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Marketability and valuation: The securities will not be listed on an exchange, may not be saleable before maturity and are stated to have an estimated value below the issue price on the pricing date.
Pricing and identifiers: The pricing date is November 23, 2026, and the CUSIP and ISIN are 17334D5W8 and US17334D5W89, respectively.
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