花旗集团美股招股说明书(2025-07-25版)

If on any valuation date prior to the final valuation date, the closing level of the Index is greater than or equal to the applicable premium threshold level, the securities will be automaticallyredeemed. If the securities are not automatically redeemed prior to maturity and the Index appreciates from the initial index level to the final index level, you will receive a positive return atmaturity equal to that appreciationmultipliedby the upside participation rate specified below. However, if the securities are not automatically redeemed prior to maturity and the Index the effects of inflation or be as great as the yield you could have achieved on a conventional debt security of ours of comparable maturity.In order to obtain the exposure to the Index that the securities provide, investors must be willing to accept (i) an investment that may have limited or no liquidity and (ii) the risk of not KEY TERMSCitigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc.All payments due on the securities are fully and unconditionally guaranteed by Citigroup Inc.The Citi Dynamic Asset Selector 5 Excess Return Index (ticker symbol: “CIISDA5N”)Aggregate stated principal$ Valuation dates:July 31, 2026, February 1, 2027, August 2, 2027, January 31, 2028, July 31, 2028, January 31, 2029, July 31, 2029, January 31, 2030 and July 31,2030 (the “final valuation date”), each subject to postponement if such date is not an index business dayMaturity date:Unless earlier redeemed, August 5, 2030 Automatic early redemption:If, on any valuation date prior to the final valuation date, the closing level of the Index is greater than or equal to the premium threshold levelapplicable to that valuation date, the securities will be automatically redeemed on the fifth business day immediately following that valuation datefor an amount in cash per security equal to $1,000 plus the premium applicable to that valuation date. If the securities are automatically redeemedfollowing any valuation date prior to the final valuation date, they will cease to be outstanding and you will not receive the premium applicable toany later valuation date or have the opportunity to participate in any appreciation of the Index. , the closing level of the Index on the pricing dateThe closing level of the Index on the final valuation date100.00% Additional InformationThis pricing supplement is intended to be read together with the accompanying index supplement, prospectus supplement and prospectus, whichare available via the hyperlinks on the cover page of this pricing supplement. The accompanying index supplement, prospectus supplement andprospectus contain important information that is not included in this pricing supplement, including:●a more detailed description of the Index, beginning on page IS-24 of the accompanying index supplement; of the accompanying index supplement; Citigroup Global Markets Holdings Inc. This section contains only a summary description of the Index and does not describe all of its important features in detail. Before investing in the Selector 5 Excess Return Index” in the accompanyingindex supplement.The Index is subject to important risks, including the following: may not change its Selected Portfolio quickly enough in response to changes in the Market Regime. Asset.Any increase in market interest rates will be expected to increase this implicit financing cost and will further adversely affect theperformance of the Constituents and, therefore, the performance of the Index. significantly underperform equities in rising equity markets. actual premium applicable to each valuation date will be determined on the pricing date.If the closing level of the Index onthe following valuation date......is greater than or equal to thefollowing premium thresholdlevel......then you will receive the following payment per security uponautomatic early redemption:July 31, 2026100.50% of the initial index level$1,000.00 + applicable premium = $1,000.00 + $90.00 = $1,090.00February 1, 2027101.00% of the initial index level$1,000.00 + applicable premium = $1,000.00 + $135.00 = $1,135.00 January 31, 2030104.00% of the initial index level$1,000.00 + applicable premium = $1,000.00 + $405.00 = $1,405.00If, on any valuation date prior to the final valuation date, the closing level of the Index is less than the applicable premium thresholdlevel, you will not receive the premium indicated above following that valuation date. In order to receive the premium indicated above, The diagram below illustrates your payment at maturity of the securities, assuming the securities have not previously been automatically Example 1—Upside Scenario.The final index level is 105.00, resulting in a 5.00% index return. In this example, the final index level isgreaterthanthe initial index level.Payment at maturity per security = $1,000 + the return amount Summary Risk FactorsAn investment in the securities is significantly riskier than an investm