Citigroup Inc. CEDEAR

Citigroup Inc. CEDEAR is a depositary receipt that represents an economic interest in shares of Citigroup Inc., allowing Argentine investors to access a leading global financial institution in local currency. Backed by underlying common stock, the program reflects Citigroup’s diversified banking model across corporate and institutional services, markets and trading, investment banking, wealth management, and U.S. consumer banking segments. The CEDEAR framework specifies that each receipt corresponds to a fraction of an underlying share, enabling price formation in pesos while tracking the performance of the U.S.-listed equity through the established conversion ratio and custodial structure. Citigroup is a longstanding U.S. bank holding company known for treasury and trade solutions, securities services, and broad capital markets capabilities that serve multinational corporations, financial institutions, and the public sector. Within Argentina’s market, this CEDEAR facilitates portfolio diversification and exposure to an international major bank without cross-border execution, using local settlement and ISINs defined for the program. The instrument’s role is to connect domestic investors with Citigroup’s global earnings profile and sector dynamics via the local market mechanism.