• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 424B8 filed by Citigroup Inc.

    7/7/25 7:01:24 PM ET
    $C
    Major Banks
    Finance
    Get the next $C alert in real time by email
    424B8 1 dp231324_424b8-us2578863d.htm PRICING SUPPLEMENT

     

    Citigroup Global Markets Holdings Inc.

    July 2, 2025

    Medium-Term Senior Notes, Series N

    Pricing Supplement No. 2025-USNCH27355

    Filed Pursuant to Rule 424(b)(8)

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

    Autocallable Barrier Securities Linked to the Worst Performing of the Nasdaq-100 Index®, the Russell 2000® Index and the S&P 500® Index Due July 7, 2028

    ▪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 solely on the performance of the worst performing of the underlyings specified below.

    ▪The securities offer the potential for automatic early redemption at a premium following the first interim valuation date on which the closing value of the worst performing underlying on that valuation date is greater than or equal to its then-applicable premium threshold value.  If the securities are not automatically redeemed prior to maturity, then the securities will no longer offer the opportunity to receive a premium but instead will offer a payment at maturity based on the performance of the worst performing underlying on the final valuation date from its initial underlying value to its final underlying value.  In that event, if the worst performing underlying on the final valuation date has appreciated, you will receive a positive return at maturity equal to that appreciation multiplied by the upside participation rate specified below.  If the worst performing underlying on the final valuation date has depreciated but not below its trigger value, you will be repaid the stated principal amount of your securities but will not receive any positive return on your investment.  However, if the worst performing underlying on the final valuation date has depreciated so that its final underlying value is below its trigger value, you will receive significantly less than the stated principal amount of your securities at maturity, reflecting full downside exposure to the depreciation of the worst performing underlying on the final valuation date from its initial underlying value to its final underlying value.

    ▪You will be subject to risks associated with each of the underlyings and will be negatively affected by adverse movements in any one of the underlyings. Although you will have downside exposure to the worst performing underlying on the final valuation date, you will not receive dividends with respect to any underlying or participate in any appreciation of any underlying.

    ▪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.
    Underlyings: Underlying Initial underlying value* Trigger value**
      Nasdaq-100 Index® 22,641.89 15,849.323
      Russell 2000® Index 2,226.377 1,558.464
      S&P 500® Index 6,227.42 4,359.194
     

    * For each underlying, its closing value on the pricing date

    ** For each underlying, 70% of its initial underlying value

    Stated principal amount: $1,000 per security
    Pricing date: July 2, 2025
    Issue date: July 8, 2025
    Interim valuation dates: July 6, 2026, October 2, 2026, January 4, 2027 and April 2, 2027, each subject to postponement if such date is not a scheduled trading day or certain market disruption events occur
    Final valuation date: July 3, 2028, subject to postponement if such date is not a scheduled trading day or certain market disruption events occur
    Maturity date: Unless earlier redeemed, July 7, 2028
    Automatic early redemption: If, on any interim valuation date, the closing value of the worst performing underlying on that interim valuation date is greater than or equal to its then-applicable premium threshold value, the securities will be automatically redeemed on the third business day immediately following that interim valuation date for an amount in cash per security equal to $1,000 plus the premium applicable to that interim valuation date.  If the securities are automatically redeemed following any interim valuation date, they will cease to be outstanding and you will no longer have the opportunity to participate in any appreciation of the worst performing underlying on the final valuation date at the upside participation rate.
    Payment at maturity:

    If the securities are not automatically redeemed prior to maturity, you will receive at maturity, for each security you then hold:

    §  If the final underlying value of the worst performing underlying on the final valuation date is greater than or equal to its initial underlying value: $1,000 + the return amount

    §  If the final underlying value of the worst performing underlying on the final valuation date is less than its initial underlying value but greater than or equal to its trigger value: $1,000

    §  If the final underlying value of the worst performing underlying on the final valuation date is less than its trigger value:
    $1,000 + ($1,000 × the underlying return of the worst performing underlying on the final valuation date)

    If the securities are not automatically redeemed prior to maturity and the final underlying value of the worst performing underlying on the final valuation date is less than its trigger value, you will receive significantly less than the stated principal amount of your securities, and possibly nothing, at maturity.

    Listing: The securities will not be listed on any securities exchange
    Underwriter: Citigroup Global Markets Inc. (“CGMI”), an affiliate of the issuer, acting as principal
    Underwriting fee and issue price: Issue price(1) Underwriting fee(2) Proceeds to issuer
    Per security: $1,000.00 — $1,000.00
    Total: $1,582,000.00 — $1,582,000.00

    (Key Terms continued on next page) 

    (1) On the date of this pricing supplement, the estimated value of the securities is $985.10 per security, which is less than the issue price. The estimated value of the securities is based on CGMI’s proprietary pricing models and our internal funding rate. It is not an indication of actual profit to CGMI or other of our 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 this pricing supplement.

    (2) CGMI will pay selected dealers a structuring fee of up to $5.00 for each security they sell. We may also engage other firms to provide marketing or promotional services in connection with the distribution of the securities. CGMI will pay these service providers a fee of up to $4.50 per security in consideration for providing marketing, education, structuring or referral services with respect to financial advisors or selected dealers. For more information on the distribution of the securities, see “Supplemental Plan of Distribution” in this pricing supplement. CGMI and its affiliates may profit from hedging activity related to this offering, even if the value of the securities declines. See “Use of Proceeds and Hedging” in the accompanying prospectus.

    Investing in the securities involves risks not associated with an investment in conventional debt securities. See “Summary Risk Factors” beginning on page PS-7.

    Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities or determined that this pricing supplement and the accompanying product supplement, underlying supplement, prospectus supplement and prospectus are truthful or complete. Any representation to the contrary is a criminal offense. You should read this pricing supplement together with the accompanying product supplement, underlying supplement, prospectus supplement and prospectus, which can be accessed via the hyperlinks below:

    Product Supplement No. EA-02-10 dated March 7, 2023 Underlying Supplement No. 11 dated March 7, 2023

    Prospectus Supplement and Prospectus each dated March 7, 2023  

    The securities are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, nor are they obligations of, or guaranteed by, a bank.

     

     

    Citigroup Global Markets Holdings Inc.
     
    KEY TERMS (continued)
    Premiums:

    The premium applicable to each interim valuation date is set forth below. The premium may reflect a return that is significantly less than the appreciation of any underlying from the pricing date to the applicable interim valuation date.

      · July 6, 2026: 14.00% of the stated principal amount
      · October 2, 2026: 17.50% of the stated principal amount
      · January 4, 2027: 21.00% of the stated principal amount
      · April 2, 2027: 24.50% of the stated principal amount
    Premium threshold value:

    For each underlying, the premium threshold value applicable to each interim valuation date is the percentage of the initial underlying value of such underlying indicated below.

      · July 6, 2026: For each underlying, 100.00% of its initial underlying value
      · October 2, 2026: For each underlying, 97.50% of its initial underlying value
      · January 4, 2027: For each underlying, 95.00% of its initial underlying value
      · April 2, 2027: For each underlying, 92.50% of its initial underlying value
    Return amount: $1,000 × the underlying return of the worst performing underlying on the final valuation date × the upside participation rate
    Upside participation rate: 200.00%
    Final underlying value: For each underlying, its closing value on the final valuation date
    Underlying return: For each underlying on any valuation date, (i) its closing value on that valuation date minus its initial underlying value, divided by (ii) its initial underlying value
    Worst performing underlying: For any valuation date, the underlying with the lowest underlying return determined as of that valuation date
    CUSIP / ISIN: 17333LCN3 / US17333LCN38

     

    Additional Information

     

    The terms of the securities are set forth in the accompanying product supplement, prospectus supplement and prospectus, as supplemented by this pricing supplement.  The accompanying product supplement, prospectus supplement and prospectus contain important disclosures that are not repeated in this pricing supplement.  For example, the accompanying product supplement contains important information about how the closing value of each underlying will be determined and about adjustments that may be made to the terms of the securities upon the occurrence of market disruption events and other specified events with respect to each underlying.  The accompanying underlying supplement contains information about each underlying that is not repeated in this pricing supplement.  It is important that you read the accompanying product supplement, underlying supplement, prospectus supplement and prospectus together with this pricing supplement in connection with your investment in the securities.  Certain terms used but not defined in this pricing supplement are defined in the accompanying product supplement.

     

     PS-2
    Citigroup Global Markets Holdings Inc.
     

    Hypothetical Payment Upon Automatic Early Redemption

     

    The following table illustrates how the amount payable per security upon automatic early redemption will be calculated if the closing value of the worst performing underlying on any interim valuation date is greater than or equal to its then-applicable premium threshold value.

     

    If the closing value of the worst performing underlying on the following interim valuation date. . . …is greater than or equal to the following premium threshold level… . . . then you will receive the following payment per $1,000 security upon automatic early redemption:
    July 6, 2026: 100.00% of its initial underlying value $1,000 + applicable premium = $1,000 + $140.00 = $1,140.00
    October 2, 2026: 97.50% of its initial underlying value $1,000 + applicable premium = $1,000 + $175.00 = $1,175.00
    January 4, 2027: 95.00% of its initial underlying value $1,000 + applicable premium = $1,000 + $210.00 = $1,210.00
    April 2, 2027: 92.50% of its initial underlying value $1,000 + applicable premium = $1,000 + $245.00 = $1,245.00

     

    If, on any interim valuation date, the closing value of any underlying is greater than or equal to its then-applicable premium threshold value, but the closing value of any other underlying is less than its then-applicable premium threshold value, you will not receive the premium indicated above following that interim valuation date.  In order to receive the premium indicated above, the closing value of each underlying on the applicable interim valuation date must be greater than or equal to its then-applicable premium threshold value.

     

     PS-3
    Citigroup Global Markets Holdings Inc.
     

    Payment at Maturity Diagram

     

    The diagram below illustrates the payment at maturity of the securities, assuming the securities have not previously been automatically redeemed, for a range of hypothetical underlying returns of the worst performing underlying on the final valuation date. Your payment at maturity (if the securities are not earlier automatically redeemed) will be determined based solely on the performance of the worst performing underlying on the final valuation date.

     

    Investors in the securities will not receive any dividends with respect to the underlyings. The diagram and examples below do not show any effect of lost dividend yield over the term of the securities. See “Summary Risk Factors—You will not receive dividends or have any other rights with respect to the underlyings” below.

     

    Payment at Maturity

     

    n The Securities n  The Worst Performing Underlying on the Final Valuation Date

     

     PS-4
    Citigroup Global Markets Holdings Inc.
     

    Hypothetical Examples of the Payment at Maturity

     

    The examples below illustrate how to determine the payment at maturity on the securities, assuming the securities are not automatically redeemed prior to maturity. The examples are solely for illustrative purposes, do not show all possible outcomes and are not a prediction of any payment that may be made on the securities.  

     

    The examples below are based on the following hypothetical values and do not reflect the actual initial underlying values or trigger values of the underlyings. For the actual initial underlying values and trigger values, see the cover page of this pricing supplement. We have used these hypothetical values, rather than the actual values, to simplify the calculations and aid understanding of how the securities work. However, you should understand that the actual payments on the securities will be calculated based on the actual initial underlying value and trigger value of each underlying, and not the hypothetical values indicated below.

     

    Underlying Hypothetical initial underlying value Hypothetical trigger value
    Nasdaq-100 Index® 100 70 (70% of its hypothetical initial underlying value)
    Russell 2000® Index 100 70 (70% of its hypothetical initial underlying value)
    S&P 500® Index 100 70 (70% of its hypothetical initial underlying value)

     

    The examples below are intended to illustrate how, if the securities are not automatically redeemed prior to maturity, your payment at maturity will depend on the final underlying value of the worst performing underlying on the final valuation date.  Your actual payment at maturity per security will depend on the actual final underlying value of the worst performing underlying on the final valuation date.

     

    Example 1—Upside Scenario.

     

    Underlying Hypothetical final underlying value Hypothetical underlying return
    Nasdaq-100 Index® 130 30%
    Russell 2000® Index 110 10%
    S&P 500® Index 150 50%

     

    Payment at maturity per security = $1,000 + the return amount

     

    = $1,000 + ($1,000 × the underlying return of the worst performing underlying on the final valuation date × the upside participation rate)

     

    = $1,000 + ($1,000 × 10% × 200%)

     

    = $1,000 + $200

     

    = $1,200

     

    In this example, the Russell 2000® Index has the lowest underlying return and is, therefore, the worst performing underlying on the final valuation date.  Because the final underlying value of the worst performing underlying on the final valuation date is greater than its initial underlying value, your total return at maturity would equal the underlying return of the worst performing underlying on the final valuation date multiplied by the upside participation rate.

     

     PS-5
    Citigroup Global Markets Holdings Inc.
     

    Example 2—Par Scenario.

     

    Underlying Hypothetical final underlying value Hypothetical underlying return
    Nasdaq-100 Index® 90 -10%
    Russell 2000® Index 105 5%
    S&P 500® Index 120 20%

     

    In this example, the Nasdaq-100 Index® has the lowest underlying return and is, therefore, the worst performing underlying on the final valuation date.  Because the final underlying value of the worst performing underlying on the final valuation date is less than its initial underlying value but greater than its trigger value, you would be repaid the stated principal amount of $1,000 per security at maturity but would not receive any positive return.

     

    Example 3—Downside Scenario.  

     

    Underlying Hypothetical final underlying value Hypothetical underlying return
    Nasdaq-100 Index® 90 -10%
    Russell 2000® Index 105 5%
    S&P 500® Index 30 -70%

     

    In this example, the S&P 500® Index has the lowest underlying return and is, therefore, the worst performing underlying on the final valuation date.  Because the final underlying value of the worst performing underlying on the final valuation date is less than its trigger value, you would receive a payment at maturity per security that is significantly less than the stated principal amount, calculated as follows:

     

    Payment at maturity per security = $1,000 + ($1,000 × the underlying return of the worst performing underlying on the final valuation date)

     

    = $1,000 + ($1,000 × -70%)

     

    = $1,000 + -$700

     

    = $300

     

    In this example, you would incur a significant loss at maturity and would have full downside exposure to the depreciation of the worst performing underlying on the final valuation date from its initial underlying value to its final underlying value.

     

     PS-6
    Citigroup Global Markets Holdings Inc.
     

    Summary Risk Factors

     

    An investment in the securities is significantly riskier than an investment in conventional debt securities.  The securities are subject to all of the risks associated with an investment in our conventional debt securities (guaranteed by Citigroup Inc.), including the risk that we and Citigroup Inc. may default on our obligations under the securities, and are also subject to risks associated with each underlying.  Accordingly, the securities are suitable only for investors who are capable of understanding the complexities and risks of the securities.  You should consult your own financial, tax and legal advisors as to the risks of an investment in the securities and the suitability of the securities in light of your particular circumstances.

     

    The following is a summary of certain key risk factors for investors in the securities.  You should read this summary together with the more detailed description of risks relating to an investment in the securities contained in the section “Risk Factors Relating to the Securities” beginning on page EA-7 in the accompanying product supplement.  You should also carefully read the risk factors included in the accompanying prospectus supplement and in the documents incorporated by reference in the accompanying prospectus, including Citigroup Inc.’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, which describe risks relating to the business of Citigroup Inc. more generally.

     

    §You may lose a significant portion or all of your investment. Unlike conventional debt securities, the securities do not provide for the repayment of the stated principal amount at maturity in all circumstances.  If the securities are not automatically redeemed prior to maturity, your payment at maturity will depend on the final underlying value of the worst performing underlying on the final valuation date.  If the final underlying value of the worst performing underlying on the final valuation date is less than its trigger value, you will lose 1% of the stated principal amount of the securities for every 1% by which the worst performing underlying on the final valuation date has declined from its initial underlying value.  There is no minimum payment at maturity on the securities, and you may lose up to all of your investment.

     

    §The trigger feature of the securities exposes you to particular risks. Although you will be repaid at least your stated principal amount at maturity so long as the final underlying value of the worst performing underlying on the final valuation date is greater than or equal to its trigger value, you will have full downside exposure to that worst performing underlying on the final valuation date if its final underlying value is less than its trigger value. In this scenario, you will lose 1% of the stated principal amount of the securities for every 1% by which the worst performing underlying on the final valuation date has declined from its initial underlying value to its final underlying value and you may lose your entire investment in the securities.

     

    §The securities do not pay interest. You should not invest in the securities if you seek current income during the term of the securities.

     

    §The securities are subject to heightened risk because they have multiple underlyings.  The securities are more risky than similar investments that may be available with only one underlying. With multiple underlyings, there is a greater chance that any one underlying will perform poorly, adversely affecting your return on the securities.

     

    §The securities are subject to the risks of each of the underlyings and will be negatively affected if any one underlying performs poorly.  You are subject to risks associated with each of the underlyings. If any one underlying performs poorly, you will be negatively affected. The securities are not linked to a basket composed of the underlyings, where the blended performance of the underlyings would be better than the performance of the worst performing underlying alone.  Instead, you are subject to the full risks of whichever of the underlyings is the worst performing underlying.

     

    §You will not benefit in any way from the performance of any better performing underlying.  The return on the securities depends solely on the performance of the worst performing underlying, and you will not benefit in any way from the performance of any better performing underlying.

     

    §You will be subject to risks relating to the relationship between the underlyings.  It is preferable from your perspective for the underlyings to be correlated with each other, in the sense that their closing values tend to increase or decrease at similar times and by similar magnitudes.  By investing in the securities, you assume the risk that the underlyings will not exhibit this relationship.  The less correlated the underlyings, the more likely it is that any one of the underlyings will perform poorly over the term of the securities. All that is necessary for the securities to perform poorly is for one of the underlyings to perform poorly.  It is impossible to predict what the relationship between the underlyings will be over the term of the securities.  The underlyings differ in significant ways and, therefore, may not be correlated with each other.

     

    §The securities may be automatically redeemed prior to maturity, limiting the term of the securities.  If the closing value of the worst performing underlying on any interim valuation date is greater than or equal to its then-applicable premium threshold value, the securities will be automatically redeemed.  If the securities are automatically redeemed following any interim valuation date, they will cease to be outstanding and you will no longer have the opportunity to participate in any appreciation of the worst performing underlying on the final valuation date at the upside participation rate. Moreover, you may not be able to reinvest your funds in another investment that provides a similar yield with a similar level of risk.

     

    §You will not receive dividends or have any other rights with respect to the underlyings.  You will not receive any dividends with respect to the underlyings.  This lost dividend yield may be significant over the term of the securities.  The payment scenarios

     

     PS-7
    Citigroup Global Markets Holdings Inc.
     

    described in this pricing supplement do not show any effect of such lost dividend yield over the term of the securities.  In addition, you will not have voting rights or any other rights with respect to the underlyings or the stocks included in the underlyings.

     

    §The performance of the securities will depend on the closing values of the underlyings solely on the valuation dates, which makes the securities particularly sensitive to volatility in the closing values of the underlyings on or near the valuation dates.  Whether the securities will be automatically redeemed prior to maturity will depend on the closing values of the underlyings solely on the interim valuation dates, regardless of the closing values of the underlyings on other days during the term of the securities. If the securities are not automatically redeemed prior to maturity, what you receive at maturity will depend solely on the final underlying value of the worst performing underlying on the final valuation date, and not on any other day during the term of the securities. Because the performance of the securities depends on the closing values of the underlyings on a limited number of dates, the securities will be particularly sensitive to volatility in the closing values of the underlyings on or near the valuation dates. You should understand that the closing value of each underlying has historically been highly volatile.

     

    §The securities are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc.  If we default on our obligations under the securities and Citigroup Inc. defaults on its guarantee obligations, you may not receive anything owed to you under the securities.

     

    §The securities will not be listed on any securities exchange and you may not be able to sell them prior to maturity.  The securities will not be listed on any securities exchange. Therefore, there may be little or no secondary market for the securities.  CGMI currently intends to make a secondary market in relation to the securities and to provide an indicative bid price for the securities on a daily basis.  Any indicative bid price for the securities provided by CGMI will be determined in CGMI’s sole discretion, taking into account prevailing market conditions and other relevant factors, and will not be a representation by CGMI that the securities can be sold at that price, or at all.  CGMI may suspend or terminate making a market and providing indicative bid prices without notice, at any time and for any reason.  If CGMI suspends or terminates making a market, there may be no secondary market at all for the securities because it is likely that CGMI will be the only broker-dealer that is willing to buy your securities prior to maturity.  Accordingly, an investor must be prepared to hold the securities until maturity.

     

    §The estimated value of the securities on the pricing date, based on CGMI’s proprietary pricing models and our internal funding rate, is less than the issue price.  The difference is attributable to certain costs associated with selling, structuring and hedging the securities that are included in the issue price.  These costs include (i) any selling concessions or other fees paid in connection with the offering of the securities, (ii) hedging and other costs incurred by us and our affiliates in connection with the offering of the securities and (iii) the expected profit (which may be more or less than actual profit) to CGMI or other of our affiliates in connection with hedging our obligations under the securities.  These costs adversely affect the economic terms of the securities because, if they were lower, the economic terms of the securities would be more favorable to you.  The economic terms of the securities are also likely to be adversely affected by the use of our internal funding rate, rather than our secondary market rate, to price the securities.  See “The estimated value of the securities would be lower if it were calculated based on our secondary market rate” below.

     

    §The estimated value of the securities was determined for us by our affiliate using proprietary pricing models.  CGMI derived the estimated value disclosed on the cover page of this pricing supplement from its proprietary pricing models.  In doing so, it may have made discretionary judgments about the inputs to its models, such as the volatility of, and correlation between, the underlyings, dividend yields on the underlyings and interest rates. CGMI’s views on these inputs may differ from your or others’ views, and as an underwriter in this offering, CGMI’s interests may conflict with yours.  Both the models and the inputs to the models may prove to be wrong and therefore not an accurate reflection of the value of the securities.  Moreover, the estimated value of the securities set forth on the cover page of this pricing supplement may differ from the value that we or our affiliates may determine for the securities for other purposes, including for accounting purposes.  You should not invest in the securities because of the estimated value of the securities.  Instead, you should be willing to hold the securities to maturity irrespective of the initial estimated value.

     

    §The estimated value of the securities would be lower if it were calculated based on our secondary market rate.  The estimated value of the securities included in this pricing supplement is calculated based on our internal funding rate, which is the rate at which we are willing to borrow funds through the issuance of the securities. Our internal funding rate is generally lower than our secondary market rate, which is the rate that CGMI will use in determining the value of the securities for purposes of any purchases of the securities from you in the secondary market.  If the estimated value included in this pricing supplement were based on our secondary market rate, rather than our internal funding rate, it would likely be lower.  We determine our internal funding rate based on factors such as the costs associated with the securities, which are generally higher than the costs associated with conventional debt securities, and our liquidity needs and preferences.  Our internal funding rate is not an interest rate that is payable on the securities.

     

    Because there is not an active market for traded instruments referencing our outstanding debt obligations, CGMI determines our secondary market rate based on the market price of traded instruments referencing the debt obligations of Citigroup Inc., our parent company and the guarantor of all payments due on the securities, but subject to adjustments that CGMI makes in its sole discretion.  As a result, our secondary market rate is not a market-determined measure of our creditworthiness, but rather reflects the market’s perception of our parent company’s creditworthiness as adjusted for discretionary factors such as CGMI’s preferences with respect to purchasing the securities prior to maturity.

     

     PS-8
    Citigroup Global Markets Holdings Inc.
     
    §The estimated value of the securities is not an indication of the price, if any, at which CGMI or any other person may be willing to buy the securities from you in the secondary market.  Any such secondary market price will fluctuate over the term of the securities based on the market and other factors described in the next risk factor.  Moreover, unlike the estimated value included in this pricing supplement, any value of the securities determined for purposes of a secondary market transaction will be based on our secondary market rate, which will likely result in a lower value for the securities than if our internal funding rate were used.  In addition, any secondary market price for the securities will be reduced by a bid-ask spread, which may vary depending on the aggregate stated principal amount of the securities to be purchased in the secondary market transaction, and the expected cost of unwinding related hedging transactions.  As a result, it is likely that any secondary market price for the securities will be less than the issue price.

     

    §The value of the securities prior to maturity will fluctuate based on many unpredictable factors. The value of your securities prior to maturity will fluctuate based on the closing values of the underlyings, the volatility of  the closing values of the underlyings, the correlation between the underlyings, dividend yields on the underlyings, interest rates generally, the time remaining to maturity and our and Citigroup Inc.’s creditworthiness, as reflected in our secondary market rate, among other factors described under “Risk Factors Relating to the Securities—Risk Factors Relating to All Securities—The value of your securities prior to maturity will fluctuate based on many unpredictable factors” in the accompanying product supplement.  Changes in the closing values of the underlyings may not result in a comparable change in the value of your securities.  You should understand that the value of your securities at any time prior to maturity may be significantly less than the issue price.

     

    §Immediately following issuance, any secondary market bid price provided by CGMI, and the value that will be indicated on any brokerage account statements prepared by CGMI or its affiliates, will reflect a temporary upward adjustment.  The amount of this temporary upward adjustment will steadily decline to zero over the temporary adjustment period.  See “Valuation of the Securities” in this pricing supplement.

     

    §The Russell 2000® Index is subject to risks associated with small capitalization stocks.  The stocks that constitute the Russell 2000® Index are issued by companies with relatively small market capitalization.  The stock prices of smaller companies may be more volatile than stock prices of large capitalization companies.  These companies tend to be less well-established than large market capitalization companies.  Small capitalization companies may be less able to withstand adverse economic, market, trade and competitive conditions relative to larger companies.  Small capitalization companies are less likely to pay dividends on their stocks, and the presence of a dividend payment could be a factor that limits downward stock price pressure under adverse market conditions.

     

    §Our offering of the securities is not a recommendation of any underlying. The fact that we are offering the securities does not mean that we believe that investing in an instrument linked to the underlyings is likely to achieve favorable returns. In fact, as we are part of a global financial institution, our affiliates may have positions (including short positions) in the underlyings or in instruments related to the underlyings, and may publish research or express opinions, that in each case are inconsistent with an investment linked to the underlyings. These and other activities of our affiliates may affect the closing values of the underlyings in a way that negatively affects the value of and your return on the securities.

     

    §The closing value of an underlying may be adversely affected by our or our affiliates’ hedging and other trading activities.  We have hedged our obligations under the securities through CGMI or other of our affiliates, who have taken positions in the underlyings or in financial instruments related to the underlyings and may adjust such positions during the term of the securities.  Our affiliates also take positions in the underlyings or in financial instruments related to the underlyings on a regular basis (taking long or short positions or both), for their accounts, for other accounts under their management or to facilitate transactions on behalf of customers. These activities could affect the closing values of the underlyings in a way that negatively affects the value of and your return on the securities. They could also result in substantial returns for us or our affiliates while the value of the securities declines.

     

    §We and our affiliates may have economic interests that are adverse to yours as a result of our affiliates’ business activities. Our affiliates engage in business activities with a wide range of companies.  These activities include extending loans, making and facilitating investments, underwriting securities offerings and providing advisory services.  These activities could involve or affect the underlyings in a way that negatively affects the value of and your return on the securities. They could also result in substantial returns for us or our affiliates while the value of the securities declines.  In addition, in the course of this business, we or our affiliates may acquire non-public information, which will not be disclosed to you.

     

    §The calculation agent, which is an affiliate of ours, will make important determinations with respect to the securities.  If certain events occur during the term of the securities, such as market disruption events and other events with respect to an underlying, CGMI, as calculation agent, will be required to make discretionary judgments that could significantly affect your return on the securities.  In making these judgments, the calculation agent’s interests as an affiliate of ours could be adverse to your interests as a holder of the securities.  See “Risk Factors Relating to the Securities—Risk Factors Relating to All Securities—The calculation agent, which is an affiliate of ours, will make important determinations with respect to the securities” in the accompanying product supplement.

     

    §Changes that affect the underlyings may affect the value of your securities.  The sponsors of the underlyings may at any time make methodological changes or other changes in the manner in which they operate that could affect the values of the underlyings.  We are not affiliated with any such underlying sponsor and, accordingly, we have no control over any changes any

     

     PS-9
    Citigroup Global Markets Holdings Inc.
     

    such sponsor may make.  Such changes could adversely affect the performance of the underlyings and the value of and your return on the securities.

     

    §The U.S. federal tax consequences of an investment in the securities are unclear.  There is no direct legal authority regarding the proper U.S. federal tax treatment of the securities, and we do not plan to request a ruling from the Internal Revenue Service (the “IRS”).  Consequently, significant aspects of the tax treatment of the securities are uncertain, and the IRS or a court might not agree with the treatment of the securities as prepaid forward contracts.  If the IRS were successful in asserting an alternative treatment of the securities, the tax consequences of the ownership and disposition of the securities might be materially and adversely affected.  Moreover, future legislation, Treasury regulations or IRS guidance could adversely affect the U.S. federal tax treatment of the securities, possibly retroactively.

     

    If you are a non-U.S. investor, you should review the discussion of withholding tax issues in “United States Federal Tax Considerations—Non-U.S. Holders” below.

     

    You should read carefully the discussion under “United States Federal Tax Considerations” and “Risk Factors Relating to the Securities” in the accompanying product supplement and “United States Federal Tax Considerations” in this pricing supplement.  You should also consult your tax adviser regarding the U.S. federal tax consequences of an investment in the securities, as well as tax consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

     

     PS-10
    Citigroup Global Markets Holdings Inc.
     

    Information About the Nasdaq-100 Index®

     

    The Nasdaq-100 Index® is a modified market capitalization-weighted index of stocks of the 100 largest non-financial companies listed on the Nasdaq Stock Market. All stocks included in the Nasdaq-100 Index® are traded on a major U.S. exchange. The Nasdaq-100 Index® was developed by the Nasdaq Stock Market, Inc. and is calculated, maintained and published by Nasdaq, Inc.

     

    Please refer to the section “Equity Index Descriptions— The Nasdaq-100 Index®” in the accompanying underlying supplement for additional information.

     

    We have derived all information regarding the Nasdaq-100 Index® from publicly available information and have not independently verified any information regarding the Nasdaq-100 Index®. This pricing supplement relates only to the securities and not to the Nasdaq-100 Index®. We make no representation as to the performance of the Nasdaq-100 Index® over the term of the securities.

     

    The securities represent obligations of Citigroup Global Markets Holdings Inc. (guaranteed by Citigroup Inc.) only. The sponsor of the Nasdaq-100 Index® is not involved in any way in this offering and has no obligation relating to the securities or to holders of the securities.

     

    Historical Information

     

    The closing value of the Nasdaq-100 Index® on July 2, 2025 was 22,641.89.

     

    The graph below shows the closing value of the Nasdaq-100 Index® for each day such value was available from January 2, 2015 to July 2, 2025. We obtained the closing values from Bloomberg L.P., without independent verification. You should not take the historical closing values as an indication of future performance.

     

    Nasdaq-100 Index® – Historical Closing Values
    January 2, 2015 to July 2, 2025


     PS-11
    Citigroup Global Markets Holdings Inc.
     

    Information About the Russell 2000® Index

     

    The Russell 2000® Index is designed to track the performance of the small capitalization segment of the U.S. equity market. All stocks included in the Russell 2000® Index are traded on a major U.S. exchange. It is calculated and maintained by FTSE Russell.

     

    Please refer to the section “Equity Index Descriptions—The Russell Indices” in the accompanying underlying supplement for additional information.

     

    We have derived all information regarding the Russell 2000® Index from publicly available information and have not independently verified any information regarding the Russell 2000® Index.  This pricing supplement relates only to the securities and not to the Russell 2000® Index.  We make no representation as to the performance of the Russell 2000® Index over the term of the securities.

     

    The securities represent obligations of Citigroup Global Markets Holdings Inc. (guaranteed by Citigroup Inc.) only.  The sponsor of the Russell 2000® Index is not involved in any way in this offering and has no obligation relating to the securities or to holders of the securities.

     

    Historical Information

     

    The closing value of the Russell 2000® Index on July 2, 2025 was 2,226.377.

     

    The graph below shows the closing value of the Russell 2000® Index for each day such value was available from January 2, 2015 to July 2, 2025. We obtained the closing values from Bloomberg L.P., without independent verification. You should not take the historical closing values as an indication of future performance.

     

    Russell 2000® Index – Historical Closing Values
    January 2, 2015 to July 2, 2025
     PS-12
    Citigroup Global Markets Holdings Inc.
     

    Information About the S&P 500® Index

     

    The S&P 500® Index consists of the common stocks of 500 issuers selected to provide a performance benchmark for the large capitalization segment of the U.S. equity markets. It is calculated and maintained by S&P Dow Jones Indices LLC.

     

    Please refer to the section “Equity Index Descriptions— The S&P U.S. Indices” in the accompanying underlying supplement for additional information.

     

    We have derived all information regarding the S&P 500® Index from publicly available information and have not independently verified any information regarding the S&P 500® Index. This pricing supplement relates only to the securities and not to the S&P 500® Index. We make no representation as to the performance of the S&P 500® Index over the term of the securities.

     

    The securities represent obligations of Citigroup Global Markets Holdings Inc. (guaranteed by Citigroup Inc.) only. The sponsor of the S&P 500® Index is not involved in any way in this offering and has no obligation relating to the securities or to holders of the securities.

     

    Historical Information

     

    The closing value of the S&P 500® Index on July 2, 2025 was 6,227.42.

     

    The graph below shows the closing value of the S&P 500® Index for each day such value was available from January 2, 2015 to July 2, 2025. We obtained the closing values from Bloomberg L.P., without independent verification. You should not take the historical closing values as an indication of future performance.

     

    S&P 500® Index – Historical Closing Values
    January 2, 2015 to July 2, 2025
     PS-13
    Citigroup Global Markets Holdings Inc.
     

    United States Federal Tax Considerations

     

    You should read carefully the discussion under “United States Federal Tax Considerations” and “Risk Factors Relating to the Securities” in the accompanying product supplement and “Summary Risk Factors” in this pricing supplement.  

     

    In the opinion of our counsel, Davis Polk & Wardwell LLP, which is based on current market conditions, a security should be treated as a prepaid forward contract for U.S. federal income tax purposes.  By purchasing a security, you agree (in the absence of an administrative determination or judicial ruling to the contrary) to this treatment.  There is uncertainty regarding this treatment, and the IRS or a court might not agree with it.

     

    Assuming this treatment of the securities is respected and subject to the discussion in “United States Federal Tax Considerations” in the accompanying product supplement, the following U.S. federal income tax consequences should result under current law:

     

    ·You should not recognize taxable income over the term of the securities prior to maturity, other than pursuant to a sale or exchange.

     

    ·Upon a sale or exchange of a security (including retirement at maturity), you should recognize capital gain or loss equal to the difference between the amount realized and your tax basis in the security.  Such gain or loss should be long-term capital gain or loss if you held the security for more than one year.

     

    We do not plan to request a ruling from the IRS regarding the treatment of the securities. An alternative characterization of the securities could materially and adversely affect the tax consequences of ownership and disposition of the securities, including the timing and character of income recognized. In addition, the U.S. Treasury Department and the IRS have requested comments on various issues regarding the U.S. federal income tax treatment of “prepaid forward contracts” and similar financial instruments and have indicated that such transactions may be the subject of future regulations or other guidance. Furthermore, members of Congress have proposed legislative changes to the tax treatment of derivative contracts. Any legislation, Treasury regulations or other guidance promulgated after consideration of these issues could materially and adversely affect the tax consequences of an investment in the securities, possibly with retroactive effect. You should consult your tax adviser regarding possible alternative tax treatments of the securities and potential changes in applicable law.

     

    Non-U.S. Holders. Subject to the discussions below and in “United States Federal Tax Considerations” in the accompanying product supplement, if you are a Non-U.S. Holder (as defined in the accompanying product supplement) of the securities, you generally should not be subject to U.S. federal withholding or income tax in respect of any amount paid to you with respect to the securities, provided that (i) income in respect of the securities is not effectively connected with your conduct of a trade or business in the United States, and (ii) you comply with the applicable certification requirements.

     

    As discussed under “United States Federal Tax Considerations—Tax Consequences to Non-U.S. Holders” in the accompanying product supplement, Section 871(m) of the Code and Treasury regulations promulgated thereunder (“Section 871(m)”) generally impose a 30% withholding tax on dividend equivalents paid or deemed paid to Non-U.S. Holders with respect to certain financial instruments linked to U.S. equities (“U.S. Underlying Equities”) or indices that include U.S. Underlying Equities.  Section 871(m) generally applies to instruments that substantially replicate the economic performance of one or more U.S. Underlying Equities, as determined based on tests set forth in the applicable Treasury regulations.  However, the regulations, as modified by an IRS notice, exempt financial instruments issued prior to January 1, 2027 that do not have a “delta” of one.  Based on the terms of the securities and representations provided by us, our counsel is of the opinion that the securities should not be treated as transactions that have a “delta” of one within the meaning of the regulations with respect to any U.S. Underlying Equity and, therefore, should not be subject to withholding tax under Section 871(m).

     

    A determination that the securities are not subject to Section 871(m) is not binding on the IRS, and the IRS may disagree with this treatment.  Moreover, Section 871(m) is complex and its application may depend on your particular circumstances, including your other transactions.  You should consult your tax adviser regarding the potential application of Section 871(m) to the securities.

     

    If withholding tax applies to the securities, we will not be required to pay any additional amounts with respect to amounts withheld.

     

    You should read the section entitled “United States Federal Tax Considerations” in the accompanying product supplement.  The preceding discussion, when read in combination with that section, constitutes the full opinion of Davis Polk & Wardwell LLP regarding the material U.S. federal tax consequences of owning and disposing of the securities.  

     

    You should also consult your tax adviser regarding all aspects of the U.S. federal income and estate tax consequences of an investment in the securities and any tax consequences arising under the laws of any state, local or non-U.S. taxing jurisdiction.

     

     PS-14
    Citigroup Global Markets Holdings Inc.
     

    Supplemental Plan of Distribution

     

    CGMI, an affiliate of Citigroup Global Markets Holdings Inc. and the underwriter of the sale of the securities, is acting as principal and will not receive any underwriting fee for any securities sold in this offering. However, CGMI and its affiliates may profit from hedging activity related to this offering. From these expected hedging profits, CGMI will pay selected dealers participating in the distribution of the securities a structuring fee of up to $5.00 for each security sold in this offering. We may also engage other firms to provide marketing or promotional services in connection with the distribution of the securities. CGMI will pay these service providers a fee of up to $4.50 per security in consideration for providing marketing, education, structuring or referral services with respect to financial advisors or selected dealers. For the avoidance of doubt, any fees or selling concessions described in this pricing supplement will not be rebated if the securities are automatically redeemed prior to maturity.

     

    See “Plan of Distribution; Conflicts of Interest” in the accompanying product supplement and “Plan of Distribution” in each of the accompanying prospectus supplement and prospectus for additional information.

     

    Valuation of the Securities

     

    CGMI calculated the estimated value of the securities set forth on the cover page of this pricing supplement based on proprietary pricing models.  CGMI’s proprietary pricing models generated an estimated value for the securities by estimating the value of a hypothetical package of financial instruments that would replicate the payout on the securities, which consists of a fixed-income bond (the “bond component”) and one or more derivative instruments underlying the economic terms of the securities (the “derivative component”).  CGMI calculated the estimated value of the bond component using a discount rate based on our internal funding rate.  CGMI calculated the estimated value of the derivative component based on a proprietary derivative-pricing model, which generated a theoretical price for the instruments that constitute the derivative component based on various inputs, including the factors described under “Summary Risk Factors—The value of the securities prior to maturity will fluctuate based on many unpredictable factors” in this pricing supplement, but not including our or Citigroup Inc.’s creditworthiness.  These inputs may be market-observable or may be based on assumptions made by CGMI in its discretionary judgment.

     

    For a period of approximately three months following issuance of the securities, the price, if any, at which CGMI would be willing to buy the securities from investors, and the value that will be indicated for the securities on any brokerage account statements prepared by CGMI or its affiliates (which value CGMI may also publish through one or more financial information vendors), will reflect a temporary upward adjustment from the price or value that would otherwise be determined.  This temporary upward adjustment represents a portion of the hedging profit expected to be realized by CGMI or its affiliates over the term of the securities.  The amount of this temporary upward adjustment will decline to zero on a straight-line basis over the three-month temporary adjustment period.  However, CGMI is not obligated to buy the securities from investors at any time.  See “Summary Risk Factors—The securities will not be listed on any securities exchange and you may not be able to sell them prior to maturity.”

     

    Validity of the Securities

     

    In the opinion of Davis Polk & Wardwell LLP, as special products counsel to Citigroup Global Markets Holdings Inc., when the securities offered by this pricing supplement have been executed and issued by Citigroup Global Markets Holdings Inc. and authenticated by the trustee pursuant to the indenture, and delivered against payment therefor, such securities and the related guarantee of Citigroup Inc. will be valid and binding obligations of Citigroup Global Markets Holdings Inc. and Citigroup Inc., respectively, enforceable in accordance with their respective terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability (including, without limitation, concepts of good faith, fair dealing and the lack of bad faith), provided that such counsel expresses no opinion as to the effect of fraudulent conveyance, fraudulent transfer or similar provision of applicable law on the conclusions expressed above. This opinion is given as of the date of this pricing supplement and is limited to the laws of the State of New York, except that such counsel expresses no opinion as to the application of state securities or Blue Sky laws to the securities.

     

    In giving this opinion, Davis Polk & Wardwell LLP has assumed the legal conclusions expressed in the opinions set forth below of Alexia Breuvart, Secretary and General Counsel of Citigroup Global Markets Holdings Inc., and Karen Wang, Senior Vice President – Corporate Securities Issuance Legal of Citigroup Inc.  In addition, this opinion is subject to the assumptions set forth in the letter of Davis Polk & Wardwell LLP dated February 14, 2024, which has been filed as an exhibit to a Current Report on Form 8-K filed by Citigroup Inc. on February 14, 2024, that the indenture has been duly authorized, executed and delivered by, and is a valid, binding and enforceable agreement of, the trustee and that none of the terms of the securities nor the issuance and delivery of the securities and the related guarantee, nor the compliance by Citigroup Global Markets Holdings Inc. and Citigroup Inc. with the terms of the securities and the related guarantee respectively, will result in a violation of any provision of any instrument or agreement then binding upon Citigroup Global Markets Holdings Inc. or Citigroup Inc., as applicable, or any restriction imposed by any court or governmental body having jurisdiction over Citigroup Global Markets Holdings Inc. or Citigroup Inc., as applicable.

     

    In the opinion of Alexia Breuvart, Secretary and General Counsel of Citigroup Global Markets Holdings Inc., (i) the terms of the securities offered by this pricing supplement have been duly established under the indenture and the Board of Directors (or a duly authorized committee thereof) of Citigroup Global Markets Holdings Inc. has duly authorized the issuance and sale of such securities and such authorization has not been modified or rescinded; (ii) Citigroup Global Markets Holdings Inc. is validly existing and in good standing under the laws of the State of New York; (iii) the indenture has been duly authorized, executed and delivered by Citigroup Global Markets Holdings Inc.; and (iv) the execution and delivery of such indenture and of the securities offered by this pricing

     

     PS-15
    Citigroup Global Markets Holdings Inc.
     

    supplement by Citigroup Global Markets Holdings Inc., and the performance by Citigroup Global Markets Holdings Inc. of its obligations thereunder, are within its corporate powers and do not contravene its certificate of incorporation or bylaws or other constitutive documents. This opinion is given as of the date of this pricing supplement and is limited to the laws of the State of New York.

     

    Alexia Breuvart, or other internal attorneys with whom she has consulted, has examined and is familiar with originals, or copies certified or otherwise identified to her satisfaction, of such corporate records of Citigroup Global Markets Holdings Inc., certificates or documents as she has deemed appropriate as a basis for the opinions expressed above. In such examination, she or such persons has assumed the legal capacity of all natural persons, the genuineness of all signatures (other than those of officers of Citigroup Global Markets Holdings Inc.), the authenticity of all documents submitted to her or such persons as originals, the conformity to original documents of all documents submitted to her or such persons as certified or photostatic copies and the authenticity of the originals of such copies.

     

    In the opinion of Karen Wang, Senior Vice President – Corporate Securities Issuance Legal of Citigroup Inc., (i) the Board of Directors (or a duly authorized committee thereof) of Citigroup Inc. has duly authorized the guarantee of such securities by Citigroup Inc. and such authorization has not been modified or rescinded; (ii) Citigroup Inc. is validly existing and in good standing under the laws of the State of Delaware; (iii) the indenture has been duly authorized, executed and delivered by Citigroup Inc.; and (iv) the execution and delivery of such indenture, and the performance by Citigroup Inc. of its obligations thereunder, are within its corporate powers and do not contravene its certificate of incorporation or bylaws or other constitutive documents.  This opinion is given as of the date of this pricing supplement and is limited to the General Corporation Law of the State of Delaware.

     

    Karen Wang, or other internal attorneys with whom she has consulted, has examined and is familiar with originals, or copies certified or otherwise identified to her satisfaction, of such corporate records of Citigroup Inc., certificates or documents as she has deemed appropriate as a basis for the opinions expressed above. In such examination, she or such persons has assumed the legal capacity of all natural persons, the genuineness of all signatures (other than those of officers of Citigroup Inc.), the authenticity of all documents submitted to her or such persons as originals, the conformity to original documents of all documents submitted to her or such persons as certified or photostatic copies and the authenticity of the originals of such copies.

     

    Contact

     

    Clients may contact their local brokerage representative. Third-party distributors may contact Citi Structured Investment Sales at (212) 723-7005.

     

    © 2025 Citigroup Global Markets Inc. All rights reserved. Citi and Citi and Arc Design are trademarks and service marks of Citigroup Inc. or its affiliates and are used and registered throughout the world.

     

     PS-16
    Get the next $C alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $C

    DatePrice TargetRatingAnalyst
    5/15/2025$83.00Hold
    TD Cowen
    1/6/2025$70.00 → $95.00Equal Weight → Overweight
    Barclays
    12/3/2024$70.00 → $82.00Mkt Perform → Outperform
    Keefe Bruyette
    4/4/2024$58.00 → $60.00In-line
    Evercore ISI
    3/25/2024$70.00 → $80.00Overweight
    Wells Fargo
    3/14/2024$68.00Neutral → Buy
    Goldman
    2/14/2024$56.00 → $63.00Neutral → Overweight
    Piper Sandler
    1/30/2024$46.00 → $65.00Underweight → Overweight
    Morgan Stanley
    More analyst ratings

    $C
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TD Cowen initiated coverage on Citigroup with a new price target

      TD Cowen initiated coverage of Citigroup with a rating of Hold and set a new price target of $83.00

      5/15/25 8:10:40 AM ET
      $C
      Major Banks
      Finance
    • Citigroup upgraded by Barclays with a new price target

      Barclays upgraded Citigroup from Equal Weight to Overweight and set a new price target of $95.00 from $70.00 previously

      1/6/25 7:43:35 AM ET
      $C
      Major Banks
      Finance
    • Citigroup upgraded by Keefe Bruyette with a new price target

      Keefe Bruyette upgraded Citigroup from Mkt Perform to Outperform and set a new price target of $82.00 from $70.00 previously

      12/3/24 7:22:53 AM ET
      $C
      Major Banks
      Finance

    $C
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Citi Appointed as Depositary Bank for Scage Future's ADR Program

      Citi Issuer Services, acting through Citibank, N.A., has been appointed as depositary bank by Scage Future (Scage) for its American Depositary Receipt (ADR) program. The appointment follows after Scage International Limited, a zero-emission solution provider of new energy heavy-duty commercial vehicles and e-fuel solutions, and Finnovate Acquisition Corp., a special purpose acquisition company, completed their business combination on June 27, 2025. The American Depositary Shares (ADS) of the combined entity, Scage, commenced trading on the Nasdaq Stock Exchange under the ticker "SCAG" on June 30, 2025. Each ADS represents one (1) ordinary share of Scage. Dirk Jones, Global Head of Cit

      7/9/25 9:30:00 AM ET
      $C
      Major Banks
      Finance
    • Citigroup Announces $650 Million Redemption of Floating Rate Notes Due 2026

      Citigroup Inc. is announcing the redemption, in whole, constituting $650,000,000 of its Floating Rate Notes due 2026 (the "notes") (ISIN: US172967MB43). The redemption date for the notes is July 1, 2025 (the "redemption date"). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date. The redemption announced today is consistent with Citigroup's liability management strategy and reflects its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, includi

      6/16/25 4:15:00 PM ET
      $C
      Major Banks
      Finance
    • Global fintech CrediLinq Raises $8.5M Series A to Accelerate the Growth of B2B Embedded Finance

      The round was led by OM/VC (formerly Vectr Fintech) and MS&AD Ventures. New investors include Citi North America and Rustem Family office. Returning investors include 500 Global, Epic Angels, 1982 VC, and Big Sky Capital.CrediLinq operates in the embedded finance sector, enabling B2B platforms to offer financing solutions. Its AI-powered technology infrastructure integrates into online platforms through APIs and leverages the platform's real time alternative data to provide credit seamlessly to SMEs at the point of need.Funds will be deployed to drive market expansion, strategic acquisitions and partnerships in the US, UK and Australia; boost local presence in Singapore; hire senior commerci

      5/16/25 5:17:00 AM ET
      $C
      Major Banks
      Finance

    $C
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Von Koskull Casper Wilhelm was granted 35 shares, increasing direct ownership by 0.18% to 8,011 units (SEC Form 4)

      4 - CITIGROUP INC (0000831001) (Issuer)

      7/3/25 1:06:42 PM ET
      $C
      Major Banks
      Finance
    • Director Turley James S was granted 257 shares, increasing direct ownership by 0.39% to 3,686 units (SEC Form 4)

      4 - CITIGROUP INC (0000831001) (Issuer)

      7/3/25 1:06:14 PM ET
      $C
      Major Banks
      Finance
    • Director Taylor Diana L was granted 395 shares, increasing direct ownership by 0.67% to 2,149 units (SEC Form 4)

      4 - CITIGROUP INC (0000831001) (Issuer)

      7/3/25 1:05:46 PM ET
      $C
      Major Banks
      Finance

    $C
    SEC Filings

    See more
    • SEC Form FWP filed by Citigroup Inc.

      FWP - CITIGROUP INC (0000831001) (Subject)

      7/9/25 12:02:40 PM ET
      $C
      Major Banks
      Finance
    • SEC Form FWP filed by Citigroup Inc.

      FWP - CITIGROUP INC (0000831001) (Subject)

      7/9/25 7:46:48 AM ET
      $C
      Major Banks
      Finance
    • SEC Form FWP filed by Citigroup Inc.

      FWP - CITIGROUP INC (0000831001) (Subject)

      7/8/25 5:13:01 PM ET
      $C
      Major Banks
      Finance

    $C
    Financials

    Live finance-specific insights

    See more
    • Citigroup Announces Full Redemption of Series P Preferred Stock

      Citigroup Inc. is redeeming, in whole, all $2 billion aggregate liquidation preference of Series P Depositary Shares representing interests in its 5.950% Fixed Rate / Floating Rate Noncumulative Preferred Stock, Series P (the "Preferred Stock"). The redemption date is May 15, 2025, for the Preferred Stock and related Depositary Shares (the "Redemption Date"). The cash redemption price, payable on the Redemption Date for each Depositary Share, will equal $1,000. Holders of record on May 5, 2025, will receive the previously declared regular semi-annual dividend of $29.75 per Depositary Share payable on the Redemption Date. The redemption announced today reflects Citigroup's ongoing efforts

      4/15/25 4:15:00 PM ET
      $C
      Major Banks
      Finance
    • Citigroup Reports First Quarter 2025 Results

      Today Citigroup reported first quarter 2025 results, which can be found on its website at https://www.citigroup.com/global/investors. A Quarterly Financial Data Supplement with additional financial, statistical and business-related information, as well as business and segment trends, is also available. Citi will host a conference call today at 11 a.m. (ET) to review these results. To attend the live webcast, please visit https://www.veracast.com/webcasts/citigroup/webinars/CITI1Q25.cfm. A replay and transcript of the webcast will be available shortly after the event. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth manage

      4/15/25 8:00:00 AM ET
      $C
      Major Banks
      Finance
    • Citigroup Declares Common Stock Dividend

      Citigroup Declares Preferred Dividends The Board of Directors of Citigroup Inc. today declared a quarterly dividend on Citigroup's common stock of $0.56 per share, payable on May 23, 2025, to stockholders of record on May 5, 2025. The Board of Directors of Citigroup Inc. also declared dividends on Citigroup's preferred stock as follows: –5.950% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series P, payable May 15, 2025, to holders of record on May 5, 2025. Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share, will be paid $29.75 for each receipt held. – 4.000% Fixed Rate Reset Noncumulative Preferred Stock, Series W, payable June 10, 20

      4/3/25 8:01:00 PM ET
      $C
      Major Banks
      Finance

    $C
    Leadership Updates

    Live Leadership Updates

    See more
    • Citi and Apollo Announce $25 Billion Private Credit, Direct Lending Program

      Mubadala and Athene to Participate as Apollo Strategic Partner and Affiliate, Respectively Citi & Apollo Private Credit, Direct Lending Program Marks Largest Relationship of its Kind Citigroup Inc. (NYSE:C) and Apollo (NYSE:APO) today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo's strategic partner as well as Apollo's subsidiary, Athene, both of which will have the opportunity to join

      9/26/24 9:00:00 AM ET
      $APO
      $C
      Investment Managers
      Finance
      Major Banks
    • EVPassport CEO Hooman Shahidi to Speak at 2024 Concordia Annual Summit on the Intersection of Infrastructure, Sustainability, and Technology

      EV Infrastructure Disruptor to Join Premier Gathering of World Leaders During the UN General Assembly Week in New York City EVPassport, a global EV charging network, today announced that CEO Hooman Shahidi will speak at the 2024 Concordia Annual Summit, a premier gathering of public and private sector visionaries during the UN General Assembly week, happening September 23-25, in New York City. Shahidi, a longtime proponent of using technology to drive good, will be joined on stage by other public and private sector visionaries to discuss advancing environmental sustainability through technological innovation that drives both business and consumer benefits. This press release features multi

      9/23/24 9:54:00 AM ET
      $C
      Major Banks
      Finance
    • Yieldstreet Appoints Ted Yarbrough As Chief Investment Officer

      Former Citigroup executive brings nearly 30 years of alternative asset experience to the private market platform. Yieldstreet, the leading private market investing platform, today announced the appointment of Ted Yarbrough as its Chief Investment Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230510005310/en/Photo of Ted Yarbrough, Yieldstreet Chief Investment Officer (Photo: Business Wire) Yarbrough brings to Yieldstreet nearly three decades of experience at Citigroup ((C) and its predecessor companies, holding a variety of leadership roles across the firm's banking, markets, and lending businesses. During his tenure

      5/10/23 10:01:00 AM ET
      $C
      Major Banks
      Finance

    $C
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G filed by Citigroup Inc.

      SC 13G - CITIGROUP INC (0000831001) (Filed by)

      11/12/24 1:24:51 PM ET
      $C
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Citigroup Inc. (Amendment)

      SC 13G/A - CITIGROUP INC (0000831001) (Subject)

      2/13/24 4:55:49 PM ET
      $C
      Major Banks
      Finance
    • SEC Form SC 13G/A filed by Citigroup Inc. (Amendment)

      SC 13G/A - CITIGROUP INC (0000831001) (Subject)

      2/9/23 10:54:46 AM ET
      $C
      Major Banks
      Finance