Citigroup prices structured notes linked to Target stock with contingent coupons and full principal at risk

Filed July 1, 2026 · ~1 min read

Key Changes

• high

  These are structured notes, not bonds: investors can lose 100% of principal if Target's stock at maturity is below 60% of the initial price, with losses matching Target's decline 1-for-1 below the initial price.

  risk factors verify on EDGAR →
• high

  Coupon payments are contingent on Target's stock closing at or above the 60% threshold on quarterly valuation dates; if Target stays below that level for the entire term, investors receive zero coupons.

  risk factors verify on EDGAR →
• medium

  The notes can be automatically called as early as three months after issuance if Target's stock is at or above the initial price, terminating all future coupon payments and forcing reinvestment risk.

  risk factors verify on EDGAR →