6 CitiFirst Offerings Brochure | November 2019 Single Observation ELKS® Based on the Common Stock of FedEx Corporation Indicative 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. Underlying shares: Shares of common stock of
Freeport-McMoRan Inc. (NYSE symbol: FCX) (the underlying share issuer) Stated principal amount: $1,000 per security Pricing date: November 19, 2019 Issue date: November 22, 2019 Valuation date: November 19,
2020, subject to postponement if such date is not a scheduled trading day or if certain market disruption events occur Maturity date: November 24, 2020 Coupon: 7.00% to 8.00% per annum. The actual coupon rate will be determined on the pricing
date. Coupon payment dates: December 24, 2019, January 24, 2020, February 24, 2020, March 24, 2020, April 24, 2020, May 26, 2020, June 24, 2020, July 24, 2020, August 24, 2020, September 24, 2020,
October 26, 2020 and the maturity date Payment at maturity: For each $1,000 security you hold at maturity, you will be entitled to receive the final coupon payment plus: If a downside event occurs: a number of underlying shares equal to
the equity ratio (or, in our sole discretion, cash in an amount equal to the equity ratio multiplied by the final share price) If a downside event does not occur: $1,000 in cash If a downside event occurs, you will not receive the stated
principal amount of your securities at maturity and, instead, will receive underlying shares (or, in our sole discretion, cash based on the value thereof) expected to be worth less than 77.00% of the stated principal amount and may be worth nothing.
Although you are expected to be subject to the risk of a decline in the price of the underlying shares, you will not participate in any appreciation of the underlying shares over the term of the securities. The number of full underlying shares and
any cash in lieu of a fractional underlying share that you receive at maturity will be calculated based on the aggregate number of securities you then hold. Downside event: A downside event will occur if the final share price is less than the
downside threshold price Downside threshold price: $ , 77.00% of the initial share price Initial share price: $ , the closing price of the underlying shares on the pricing date Final share price: The closing price of the underlying shares on the
valuation date Equity ratio: , the stated principal amount divided by the initial share price Listing: The securities will not be listed on any securities exchange CUSIP: 17324XUE8 For questions, please call your Financial Advisor *The information
listed above is not intended to be a complete description of all of the terms, risks and benefits of a particular investment. All maturities are approximate. All terms in brackets are indicative only and will be set on the applicable pricing date.
All returns and any principal amount due at maturity are subject to the applicable issuers credit risk, with the exception of the Market-Linked Certificates of Deposit which have FDIC insurance, subject to applicable limitations. Please refer
to the relevant investments offering documents and related material(s) for additional information