# EDGAR Filing Document

**Accession Number:** 0000831001
**File Stem:** 0001193125-26-040380
**Filing Date:** 2026-2
**Character Count:** 10078
**Document Hash:** ff4281c3d59417a959e9d22c9e3824b3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-040380.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001193125-26-040380

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**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:** 333-270327
- **FILM NUMBER:** 26605341

**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

Filed pursuant to rule 433

**File No. 333-270327**![LOGO](g48268g0206040326911.jpg)

**CITIGROUP INC.** 

**1,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF** 

**6.500% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES JJ** 

**Terms and Conditions** 

---

| | |
|:---|:---|
| Issuer: | Citigroup Inc. |
| Securities: | 1,000,000 depositary shares, each representing a 1/25th interest in a share of perpetual 6.500% Fixed Rate Reset Noncumulative Preferred Stock, Series JJ (the "Series JJ preferred stock"). |
| Ratings\*: | Ba1 / BB+ / BBB- / BBBH<br> (Stable Outlook / Stable Outlook / Stable Outlook / Stable Outlook)<br> (Moody's / S&P / Fitch / DBRS) |
| Trade Date: | February 5, 2026 |
| Settlement Date: | February 12, 2026 (T+5 days) |
| Maturity: | Perpetual |
| Liquidation Preference: | $25,000 per share of Series JJ preferred stock (equivalent to $1,000 liquidation preference per depositary share). |
| Aggregate Liquidation Preference: | $1000000000 |
| Public Offering Price: | $1,000 per depositary share. |
| Net Proceeds to Citigroup: | $985,000,000 (before expenses) |
| Dividend Rate and Payment Dates: | When, as and if declared by the board of directors of Citigroup, or a duly authorized committee of the board of directors, out of funds legally available to pay dividends, on the 15<sup>th</sup> of each February, May, August, and November (each date for payment of dividends, a "dividend payment date") (i) from, and including, the date of issuance of the Series JJ preferred stock to, but excluding, May 15, 2031 (the "First Reset Date"), at an annual rate of 6.500% on the liquidation preference amount of $25,000 per share of Series JJ preferred stock (equivalent to $1,000 liquidation preference per depositary share), quarterly in arrears, beginning on May 15, 2026 and (ii) from, and including, the First Reset Date, for each reset period, at an annual rate equal to the five-year treasury rate as of the most recent reset dividend determination date plus 2.745% on the liquidation preference amount of $25,000 per share of Series JJ preferred stock (equivalent to $1,000 liquidation preference per depositary share), quarterly in arrears, beginning on August 15, 2031. |
| Reset Period: | The period from, and including, each reset date to, but excluding, the next succeeding reset date, except for the initial reset period, which will be the period from, and including, the First Reset Date to, but excluding, the next succeeding reset date |
| Reset Date: | The First Reset Date and each date falling on the fifth anniversary of the preceding reset date |
| Reset Dividend Determination Date: | In respect of any reset period, the day that is three business days prior to the beginning of such reset period |
| First Dividend Payment Date: | If declared, May 15, 2026 |
| Day Count: | 30/360 |
| Redemption at Issuer Option: | Subject to any required prior approval of the Federal Reserve, Citigroup may redeem the Series JJ preferred stock in whole at any time or in part, from time to time, on any dividend payment date on or after the First Reset Date or in whole but not in part at any time within 90 days following a Regulatory Capital Event (as defined in the Preliminary Prospectus Supplement dated February 5, 2026), in each case at a cash redemption price equal to 100% of the liquidation preference, plus any declared and unpaid dividends and without accumulation of any undeclared dividends, to, but excluding, the redemption date. |
| Sinking Fund: | Not applicable |

---

------

![LOGO](g48268g0206040326911.jpg)

**CITIGROUP INC.** 

**1,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF** 

**6.500% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES JJ** 

---

| | |
|:---|:---|
| Listing: |  |
| Voting Rights: | The holders of the Series JJ preferred stock do not have voting rights, except (i) as specifically required by Delaware law; (ii) in the case of certain dividend non-payments; (iii) with respect to the issuance of senior capital stock of Citigroup; and (iv) with respect to changes to Citigroup's organizational documents that would adversely affect the voting powers, preferences or special rights of the Series JJ preferred stock. Holders of depositary shares must act through the depositary to exercise any voting rights. |
| Depositary Shares CUSIP / ISIN: | 172967QK0 / US172967QK06 |
| Use of Proceeds: | Citigroup expects to use the net proceeds from the sale of the depositary shares representing interests in the Series JJ preferred stock for general corporate purposes, which may include the partial or full redemption of outstanding shares of Citigroup preferred stock and related depositary shares, as applicable, and repurchases and redemptions of other outstanding securities of Citigroup and its subsidiaries, including Citigroup common stock. |

---

---

| | |
|:---|:---|
| Sole Structuring Agent and Sole Bookrunner: | Citigroup Global Markets Inc. |
| Senior Co-Managers: | Barclays Capital Inc.<br> BBVA Securities Inc.<br> BMO Capital Markets Corp.<br> Capital One Securities, Inc.<br> Danske Markets Inc.<br> Deutsche Bank Securities Inc.<br> Erste Group Bank AG<br> HSBC Securities (USA) Inc.<br> ING Financial Markets LLC<br> Intesa Sanpaolo IMI Securities Corp.<br> Lloyds Securities Inc.<br> MUFG Securities Americas Inc.<br> Natixis Securities Americas LLC<br> Nomura Securities International, Inc.<br> Nordea Bank Abp<br> PNC Capital Markets LLC<br> Rabo Securities USA, Inc.<br> RB International Markets (USA) LLC<br> RBC Capital Markets, LLC<br> Santander US Capital Markets LLC<br> Scotia Capital (USA) Inc.<br> SG Americas Securities, LLC<br> SMBC Nikko Securities America, Inc.<br> Standard Chartered Bank<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc.<br> UniCredit Capital Markets LLC |

---

------

![LOGO](g48268g0206040326911.jpg)

**CITIGROUP INC.** 

**1,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/25TH INTEREST IN A SHARE OF** 

**6.500% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES JJ** 

---

| | |
|:---|:---|
| Junior Co-Managers: | AmeriVet Securities, Inc.<br> ANZ Securities, Inc.<br> BNY Mellon Capital Markets, LLC<br> Cabrera Capital Markets LLC<br> CaixaBank, S.A.<br> China CITIC Bank International Limited<br> CIBC World Markets Corp.<br> Citizens JMP Securities, LLC<br> Commonwealth Bank of Australia<br> Desjardins Securities Inc.<br> Drexel Hamilton, LLC<br> Emirates NBD Bank PJSC<br> FHN Financial Securities Corp.<br> Fifth Third Securities, Inc.<br> Huntington Securities, Inc.<br> KeyBanc Capital Markets Inc.<br> M&T Securities, Inc.<br> nabSecurities, LLC<br> National Bank of Canada Financial Inc.<br> Nykredit Bank A/S<br> Oversea-Chinese Banking Corporation Limited<br> R. Seelaus & Co., LLC<br> Regions Securities LLC<br> Siebert Williams Shank & Co., LLC<br> TD Securities (USA) LLC<br> UBS Securities LLC<br> Westpac Capital Markets LLC |

---

\* Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time.

Citigroup Inc. has filed a registration statement (including a prospectus supplement and accompanying prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the related prospectus supplement and accompanying prospectus in the registration statement and the other documents Citigroup has filed with the SEC for more complete information about Citigroup and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. The file number for Citigroup's registration statement is No. 333-270327. Alternatively, you can request these documents by calling toll-free in the United States 1-800-831-9146.