Citigroup preliminary terms for five-year buffered autocallable securities
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., disclosed preliminary terms for five-year $1,000-per-security buffered autocallable securities linked to the S&P 500 Futures 40% Intraday Edge Volatility TCA 6% Decrement Index (USD) ER.
Key takeaways
Structure: The securities are 5 Year Buffered Autocallable Securities linked to the S&P 500 Futures 40% Intraday Edge Volatility TCA 6% Decrement Index (USD) ER, ticker SPXI4EV6.
Issuer and guarantor: Citigroup Global Markets Holdings Inc. is the issuer, and Citigroup Inc. is the guarantor.
Timing: The pricing date is November 30, 2026, the final valuation date is December 1, 2031, and the maturity date is December 4, 2031.
Premium and interest: The securities pay no interest and carry an 18.50% per annum premium if automatically redeemed before maturity.
Barrier terms: The premium threshold is 85% of the initial underlying value, the final buffer value is 90%, and the buffer percentage is 15%.
Maturity payment: Payment depends on the final underlying value; depreciation beyond the 15% buffer results in a loss of 1% of stated principal for every 1% by which depreciation exceeds the buffer.
Risk: All payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.
Key metrics
Primary source
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