# EDGAR Filing Document

**Accession Number:** 0000831001
**File Stem:** 0000950103-26-007354
**Filing Date:** 2026-5
**Character Count:** 13680
**Document Hash:** 3c7389a25d1667e770aaf3014b3c0066
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-26-007354.hdr.sgml**: 20260519

**ACCESSION NUMBER**: 0000950103-26-007354

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260519

**DATE AS OF CHANGE**: 20260518

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP INC
- **CENTRAL INDEX KEY:** 0000831001
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 521568099
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-293732
- **FILM NUMBER:** 26995722

**BUSINESS ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2125591000

**MAIL ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS GROUP INC
- **DATE OF NAME CHANGE:** 19950519

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS INC
- **DATE OF NAME CHANGE:** 19940103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRIMERICA CORP /NEW/
- **DATE OF NAME CHANGE:** 19920703
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CITIGROUP INC
- **CENTRAL INDEX KEY:** 0000831001
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATIONAL COMMERCIAL BANKS [6021]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 521568099
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013
- **BUSINESS PHONE:** 2125591000

**MAIL ADDRESS:**
- **STREET 1:** 388 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10013

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS GROUP INC
- **DATE OF NAME CHANGE:** 19950519

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRAVELERS INC
- **DATE OF NAME CHANGE:** 19940103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRIMERICA CORP /NEW/
- **DATE OF NAME CHANGE:** 19920703

Citigroup Global Markets Holdings Inc. Free Writing Prospectus to Pricing Supplement No. 2026-USNCH32024 Registration Statement Nos. 333-293732 and 333-293732-02 Dated May 18, 2026; Filed pursuant to Rule 433

**PLUS Based on a Basket of Ten Underliers Due June 10, 2027**<br> **Principal at Risk Securities**

***This document provides a summary of the terms of the securities. Investors must carefully review the accompanying pricing supplement referenced below, product supplement, prospectus supplement and prospectus, and the "Risk Considerations" on the following page, prior to making an investment decision.***

---

| | |
|:---|:---|
| **Summary Terms** | **Summary Terms** |
| **Issuer:** | Citigroup Global Markets Holdings Inc. |
| **Guarantor:** | Citigroup Inc. |

---

---

| | | |
|:---|:---|:---|
|  | **Basket Component** | **Weighting** |
|  | Common stock of Albemarle Corporation (ticker symbol: "ALB UN") | 10% |
|  | Common stock of Applied Materials, Inc. (ticker symbol: "AMAT UW") | 10% |
|  | Common stock of KLA Corporation (ticker symbol: "KLAC UW") | 10% |
|  | Common stock of Micron Technology, Inc. (ticker symbol: "MU UW") | 10% |
| **Basket:** | Common stock of MP Materials Corp. (ticker symbol: "MP UN") | 10% |
|  | Common stock of NVIDIA Corporation (ticker symbol: "NVDA UW") | 10% |
|  | Class A common stock of Palantir Technologies Inc. (ticker symbol: "PLTR UW") | 10% |
|  | American Depositary Shares, each representing one ordinary share of Rio Tinto plc (ticker symbol: "RIO UN") | 10% |
|  | Common stock of Rockwell Automation, Inc. (ticker symbol: "ROK UN") | 10% |
|  | Common stock of RTX Corporation (ticker symbol: "RTX UN") | 10% |

---

---

| | |
|:---|:---|
| **Stated principal amount:** | $1,000 per security |
| **Pricing date:** | May 29, 2026 |
| **Issue date:** | June 3, 2026 |
| **Valuation date:** | June 7, 2027, subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur. |
| **Maturity date:** | June 10, 2027 |
| **Payment at maturity<sup>1</sup>:** | &nbsp;&nbsp;&nbsp; For each $1,000 stated principal amount security you hold at maturity:<br>&nbsp;&nbsp;&nbsp;&nbsp;▪ If the final basket value is **greater than** the initial basket value:<br> $1,000 + the leveraged return amount, subject to the maximum return at maturity<br>&nbsp;&nbsp;&nbsp;&nbsp;▪ If the final basket value is **less than or equal to** the initial basket value:<br> $1,000 + ($1,000 × the basket return)<br>**If the final basket value is less than the initial basket value, your payment at maturity will be less, and possibly significantly less, than the $1,000 stated principal amount per security. You should not invest in the securities unless you are willing and able to bear the risk of losing some and up to all of your investment.** <br>|

---

---

| | |
|:---|:---|
| **Initial basket value:** | 100 |
| **Final basket value:** | 100 × (1 + the sum of the weighted component returns of the basket components) |

---

---

| | |
|:---|:---|
| **Weighted component return:** | For each basket component, its weighting *multiplied by* its component return |
| **Component return:** | For each basket component, (i) its final component price *minus* its initial component price, *divided by* (ii) its initial component price |
| **Final component price:** | For each basket component, its closing price on the valuation date |
| **Basket return:** | (i) The final basket value *minus* the initial basket value, *divided by* (ii) the initial basket value |
| **Leveraged return amount:** | $1,000 x the basket return x the leverage factor |
| **Leverage factor:** | 150% |
| **Maximum return at maturity:** | $407.50 per security (40.75% of the stated principal amount). The payment at maturity per security will not exceed $1,000 *plus* the maximum return at maturity. |
| **CUSIP / ISIN:** | 17332YCN6 / US17332YCN67 |
| **Preliminary pricing supplement:** | [https://www.sec.gov/Archives/edgar/data/200245/000095010326007314/dp246823_424b2-us26g1892d.htm](https://www.sec.gov/Archives/edgar/data/200245/000095010326007314/dp246823_424b2-us26g1892d.htm) |

---

---

| | |
|:---|:---|
| **Hypothetical Payout at Maturity**<sup>1</sup> | **Hypothetical Payout at Maturity**<sup>1</sup> |
| **Change in Underlying** | **Return on Securities** |
| +50.00% | 40.75% |
| +40.00% | 40.75% |
| +30.00% | 40.75% |
| +27.17% | 40.75% |
| +20.00% | 30.00% |
| +10.00% | 15.00% |
| +5.00% | 7.50% |
| 0.00% | 0.00% |
| -10.00% | -10.00% |
| -20.00% | -20.00% |
| -30.00% | -30.00% |
| -40.00% | -40.00% |
| -50.00% | -50.00% |
| -60.00% | -60.00% |
| -80.00% | -80.00% |
| -100.00% | -100.00% |
| <sup>1</sup>All payments are subject to our credit risk | <sup>1</sup>All payments are subject to our credit risk |

---

On the date of this pricing supplement, the estimated value of the securities is $888.50 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 Citigroup Global Markets Holdings Inc.'s 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 the accompanying pricing supplement.<br>

Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed registration statements (including the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the accompanying preliminary pricing supplement, product supplement, prospectus supplement and prospectus in those registration statements (File Nos. 333-293732 and 333-293732-02) and the other documents Citigroup Global Markets Holdings Inc. and Citigroup Inc. have filed with the SEC for more complete information about Citigroup Global Markets Holdings Inc., Citigroup Inc. and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request these documents by calling toll-free 1-800-831-9146.

**Basket and Basket Components**

For more information about the basket and basket components, including historical performance information, see the accompanying preliminary pricing supplement.

**Risk Considerations**

The risks set forth below are discussed in more detail in the "Summary Risk Factors" section in the accompanying preliminary pricing supplement. Please review those risk factors carefully prior to making an investment decision.

&nbsp;&nbsp;&nbsp;&nbsp;· You may lose some or all of your investment.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities do not pay interest.

&nbsp;&nbsp;&nbsp;&nbsp;· Your potential return on the securities is limited.

&nbsp;&nbsp;&nbsp;&nbsp;· Investing in the securities is not equivalent to
investing in the basket components.

&nbsp;&nbsp;&nbsp;&nbsp;· Your payment at maturity depends on the closing prices
of the basket components on a single day.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities are subject to the credit risk of
Citigroup Global Markets Holdings Inc. and Citigroup Inc.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities will not be listed on any securities
exchange and you may not be able to sell them prior to maturity.

&nbsp;&nbsp;&nbsp;&nbsp;· The estimated value of the securities on the pricing
date, based on CGMI's proprietary pricing models and Citigroup Global Markets Holdings Inc.'s internal funding rate, will
be less than the issue price.

&nbsp;&nbsp;&nbsp;&nbsp;· The estimated value of the securities was determined
for Citigroup Global Markets Holdings Inc. by its affiliate using proprietary pricing models.

&nbsp;&nbsp;&nbsp;&nbsp;· The estimated value of the securities would be lower
if it were calculated based on Citigroup Global Markets Holdings Inc.'s secondary market rate.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· The value of the securities prior to maturity will
fluctuate based on many unpredictable factors.

&nbsp;&nbsp;&nbsp;&nbsp;· 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.

&nbsp;&nbsp;&nbsp;&nbsp;· The basket components may offset each other.

&nbsp;&nbsp;&nbsp;&nbsp;· The basket components may be highly correlated in
decline.

&nbsp;&nbsp;&nbsp;&nbsp;· An investment in the securities is not a diversified
investment.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities are subject to risks associated with
non-U.S. companies.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities are linked to ADS and therefore are
subject to currency exchange rate risk.

&nbsp;&nbsp;&nbsp;&nbsp;· There are important differences between the rights
of holders of ADSs and the rights of holders of the equity securities represented by the ADSs.

&nbsp;&nbsp;&nbsp;&nbsp;· Citigroup Global Markets Holdings Inc.'s offering
of the securities does not constitute a recommendation of the basket or the basket components.

&nbsp;&nbsp;&nbsp;&nbsp;· Governmental regulatory actions, such as sanctions,
could adversely affect your investment in the securities.

&nbsp;&nbsp;&nbsp;&nbsp;· The price of a basket component may be adversely
affected by our or our affiliates' hedging and other trading activities.

&nbsp;&nbsp;&nbsp;&nbsp;· Citigroup Global Markets Holdings Inc. and its affiliates may have economic
interests that are adverse to yours as a result of the business activities of Citigroup Global Markets Holdings Inc.'s affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;· Even if the issuer of a basket component pays a dividend
that it identifies as special or extraordinary, no adjustment will be required under the securities for that dividend unless it meets
the criteria specified in the accompanying product supplement.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities will not be adjusted for all events
that may have a dilutive effect on or otherwise adversely affect the prices of the basket components.

&nbsp;&nbsp;&nbsp;&nbsp;· If a basket component is delisted, we may call the
securities prior to maturity for an amount that may be less than the stated principal amount.

&nbsp;&nbsp;&nbsp;&nbsp;· The securities may become linked to shares of an
issuer other than the original issuer of a basket component upon the occurrence of a reorganization event or upon the delisting of a basket
component.

&nbsp;&nbsp;&nbsp;&nbsp;· The calculation agent, which is an affiliate of Citigroup
Global Markets Holdings Inc., will make important determinations with respect to the securities.

&nbsp;&nbsp;&nbsp;&nbsp;· The U.S. federal tax consequences of an investment
in the securities are unclear.

**Tax Considerations**

You should review carefully the discussion in the accompanying preliminary pricing supplement under the heading "United States Federal Tax Considerations" concerning the U.S. federal tax consequences of an investment in the securities, and you should consult your tax adviser.