# EDGAR Filing Document

**Accession Number:** 0000831001
**File Stem:** 0001193125-26-026161
**Filing Date:** 2026-1
**Character Count:** 9572
**Document Hash:** 1a38accede282a870dc3f11d9e278fd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-026161.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001193125-26-026161

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**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:** 26568590

**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](g44902snap1.jpg)

**CITIGROUP INC.** 

**32,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF** 

**6.250% NONCUMULATIVE PREFERRED STOCK, SERIES II** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Terms and Conditions** 

---

| | |
|:---|:---|
| Issuer: | Citigroup Inc. |
| Securities: | 32,000,000 depositary shares, each representing a 1/1,000th interest in a share of perpetual 6.250% Noncumulative Preferred Stock, Series II (the "Series II preferred stock"). |
| Over-allotment Option: | Up to an additional 4,800,000 depositary shares within 30 days of the Trade Date. |
| Ratings\*: | Ba1 / BB+ / BBB- / BBBH<br> (Stable Outlook / Stable Outlook / Stable Outlook / Stable Outlook)<br> (Moody's / S&P / Fitch / DBRS) |
| Trade Date: | January 27, 2026 |
| Settlement Date: | February 3, 2026 (T+5 days) |
| Maturity: | Perpetual |
| Liquidation Preference: | $25,000 per share of Series II preferred stock (equivalent to $25 liquidation preference per depositary share). |
| Aggregate Liquidation Preference: | $800,000,000 (or $920,000,000 if the over-allotment option is exercised in full). |
| Public Offering Price: | $25 per depositary share. |
| Net Proceeds to Citigroup: | $779,750,000 (or $895,970,000 if the over-allotment option is exercised in full) (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") from, and including, the date of issuance of the Series II preferred stock at an annual rate of 6.250% on the liquidation preference amount of $25,000 per share of Series II preferred stock, quarterly in arrears, beginning on May 15, 2026. |
| 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 II preferred stock in whole at any time or in part, from time to time, on any dividend payment date on or after February 15, 2031 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 January 27, 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 |
| Listing: | Application will be made to list the depositary shares on the New York Stock Exchange. |
| Voting Rights: | The holders of the Series II 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 II preferred stock. Holders of depositary shares must act through the depositary to exercise any voting rights. |

---

------

![LOGO](g44902snap1.jpg)

**CITIGROUP INC.** 

**32,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF** 

**6.250% NONCUMULATIVE PREFERRED STOCK, SERIES II** 

---

| | |
|:---|:---|
| Use of Proceeds: | Citigroup expects to use the net proceeds from the sale of the depositary shares representing interests in the Series II 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. |
| Depositary Shares CUSIP / ISIN: | 172967242 / US1729672428 |

---

<u>Number of Depositary Shares</u>

---

| | |
|:---|:---|
| Sole Structuring Agent and Sole Bookrunner: | Citigroup Global Markets Inc. |
| Joint Lead Managers: | J.P. Morgan Securities LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> UBS Securities LLC<br> Wells Fargo Securities, LLC |
| Senior Co-Manager: | TD Securities (USA) LLC |

---

------

![LOGO](g44902snap1.jpg)

**CITIGROUP INC.** 

**32,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF** 

**6.250% NONCUMULATIVE PREFERRED STOCK, SERIES II** 

---

| | |
|:---|:---|
| Co-Managers: | ANZ Securities, Inc.<br> Bank of China Limited, London Branch<br> BBVA Securities Inc.<br> BMO Capital Markets Corp.<br> BNY Mellon Capital Markets, LLC<br> CaixaBank, S.A.<br> Capital One Securities, Inc.<br> CastleOak Securities, L.P.<br> CAVU Securities LLC<br> Commonwealth Bank of Australia<br> CIBC World Markets Corp.<br> Citizens JMP Securities, LLC<br> Danske Markets Inc.<br> Desjardins Securities Inc.<br> Deutsche Bank Securities Inc.<br> Emirates NBD Bank PJSC<br> Erste Group Bank AG<br> FHN Financial Securities Corp.<br> Fifth Third Securities Inc.<br> Huntington Securities, Inc.<br> ING Financial Markets LLC<br> Intesa Sanpaolo IMI Securities Corp.<br> KeyBanc Capital Markets Inc.<br> Lloyds Securities Inc.<br> M&T Securities, Inc.<br> MUFG Securities Americas Inc.<br> nabSecurities, LLC<br> National Bank of Canada Financial Inc.<br> Natixis Securities Americas LLC<br> Nomura Securities International, Inc.<br> Nordea Bank Abp<br> Nykredit Bank A/S<br> PNC Capital Markets LLC<br> Rabo Securities USA, Inc.<br> Samuel A. Ramirez & Company, Inc.<br> RB International Markets (USA) LLC<br> Regions Securities LLC<br> Roberts & Ryan, Inc.<br> Santander US Capital Markets LLC<br> Scotia Capital (USA) Inc.<br> Siebert Williams Shank & Co., LLC<br> SMBC Nikko Securities America, Inc.<br> SG Americas Securities, LLC<br> Standard Chartered Bank<br> Tigress Financial Partners LLC<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc.<br> UniCredit Capital Markets LLC<br> United Overseas Bank Limited<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) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before

------

![LOGO](g44902snap1.jpg)

**CITIGROUP INC.** 

**32,000,000 DEPOSITARY SHARES** 

**EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF** 

**6.250% NONCUMULATIVE PREFERRED STOCK, SERIES II** 

you invest, you should read the 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 the prospectus by calling toll-free in the United States 1-800-831-9146.