On November 4, 2026, Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., filed a free writing prospectus revealing preliminary details for 3-year autocallable contingent coupon notes tied to the worst-performing index among the Nasdaq-100 (NDX), Russell 2000 (RTY), and S&P 500 (SPX). The pricing date is set for November 23, 2026, with maturity scheduled for November 28, 2029.
Key Features
- Contingent coupon rate: 8.50% annually, paid monthly only if the worst-performing index closes at or above 70.00% of its initial value on valuation dates.
- Principal barrier: 70.00% of each index's initial value. If the worst performer falls below this barrier on the final valuation date, investors lose 1% of principal for every 1% decline, with no guaranteed minimum return.
- Automatic early redemption: Quarterly calls begin after one year if the worst performer closes at or above its initial value, returning principal plus the contingent coupon.
- Stated principal amount: $1,000 per note; CUSIP 17334D5W8 / ISIN US17334D5W89.
- Non-exchange listed: The securities will not be listed on any exchange, and may be illiquid prior to maturity.
- Credit risk: Payments depend on the c...