FILED PURSUANT TO RULE 433

File No. 333-270327

CITIGROUP INC.

1,500,000 DEPOSITARY SHARES

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

6.750% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES EE

Terms and Conditions

Issuer:	Citigroup Inc.
Securities:	1,500,000 depositary shares, each representing a 1/25th interest in a share of perpetual 6.750% Fixed Rate Reset Noncumulative Preferred Stock, Series EE (the “Series EE preferred stock”).
Ratings*:	Ba1 / BB+ / BBB- / BBBH (Stable Outlook / Stable Outlook / Stable Outlook / Stable Outlook) (Moody’s / S&P / Fitch / DBRS)
Trade Date:	November 25, 2024
Settlement Date:	December 3, 2024 (T+5 days)
Maturity:	Perpetual
Liquidation Preference:	$25,000 per share of Series EE preferred stock (equivalent to $1,000 liquidation preference per depositary share).
Aggregate Liquidation Preference:	$1,500,000,000
Public Offering Price:	$1,000 per depositary share.
Net Proceeds to Citigroup:	$1,477,500,000 (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 15th 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 EE preferred stock to, but excluding, February 15, 2030 (the “First Reset Date”), at an annual rate of 6.750% on the liquidation preference amount of $25,000 per share of Series EE preferred stock, quarterly in arrears, beginning on February 15, 2025 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 2.572% on the liquidation preference amount of $25,000 per share of Series EE preferred stock, quarterly in arrears, beginning on May 15, 2030.
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, February 15, 2025
Day Count:	30/360
Redemption at Issuer Option:	Subject to any required prior approval of the Federal Reserve, Citigroup may redeem the Series EE preferred stock in whole 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 November 25, 2024), 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:	None

CITIGROUP INC.

1,500,000 DEPOSITARY SHARES

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

6.750% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES EE

Voting Rights:	The holders of the Series EE 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 EE preferred stock. Holders of depositary shares must act through the depositary to exercise any voting rights.
Depositary Shares CUSIP / ISIN:	172967 PR6 / US172967PR67
Use of Proceeds:	Citigroup expects to use the net proceeds from the sale of the depositary shares representing interests in the Series EE 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, including, but not limited to, the outstanding Series V preferred stock and related depositary shares, 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:	AmeriVet Securities, Inc. BBVA Securities Inc. BMO Capital Markets Corp. Capital One Securities, Inc. MUFG Securities Americas Inc. Nomura Securities International, Inc. PNC Capital Markets LLC RBC Capital Markets, LLC Roberts & Ryan, Inc. Scotia Capital (USA) Inc. SMBC Nikko Securities America, Inc. TD Securities (USA) LLC U.S. Bancorp Investments, Inc.

CITIGROUP INC.

1,500,000 DEPOSITARY SHARES

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

6.750% FIXED RATE RESET NONCUMULATIVE PREFERRED STOCK, SERIES EE

Junior Co-Managers: ABN AMRO Capital Markets (USA) LLC ANZ Securities, Inc. Bancroft Capital, LLC CaixaBank, S.A. CIBC World Markets Corp. Commonwealth Bank of Australia Danske Markets Inc. DZ Financial Markets LLC Fifth Third Securities Inc. Huntington Securities, Inc. Intesa Sanpaolo IMI Securities Corp. KeyBanc Capital Markets Inc. Macquarie Capital (USA) Inc. MFR Securities, Inc. Mizuho Securities USA LLC nabSecurities, LLC National Bank of Canada Financial Inc. RB International Markets (USA) LLC Samuel A. Ramirez & Company, Inc. Siebert Williams Shank & Co., LLC Standard Chartered Bank Tigress Financial Partners LLC Truist Securities, Inc. 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 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 Web site 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.