Citigroup Global Markets Holdings Inc. has filed a preliminary term sheet for a new financial product, specifically a three-year autocallable security linked to the S&P 500 Futures Index. This development is significant as it showcases Citigroup's ongoing efforts to innovate and expand its offerings in the competitive landscape of security brokers and dealers.

Citigroup Global Markets Holdings Inc. operates under the SIC code 6211, which pertains to Security Brokers, Dealers & Flotation Companies. The company is incorporated in New York and has a fiscal year ending on December 31. Recent filings include several forms submitted on November 4, 2026, including the preliminary term sheet and pricing supplements.

The filing details indicate that the new securities will be issued by Citigroup Global Markets Holdings Inc. and guaranteed by Citigroup Inc. The terms include a pricing date of November 24, 2026, and a maturity date set for November 29, 2029. The product is designed to offer investors a return linked to the performance of the S&P 500 Futures 40% Edge Volatility 6% Decrement Index.

According to the filing, the securities will have a stated principal amount of $1,000 per security, with a potential premium of 22.75% per annum. Investors can expect automatic early redemption if the underlying index meets certain performance criteria prior to the final valuation date.

This new offering may affect a variety of stakeholders, including investors seeking innovative financial products, as well as competitors in the security brokerage industry who may need to adapt their strategies in response to Citigroup's latest move.

Details were not available in the SEC filing regarding the next steps following this preliminary filing, leaving the market to speculate on the potential reception of this new product.