Summary by Futu AI
Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for its 1.25 Year Autocallable Contingent Coupon Securities, linked to the performance of the Energy Select Sector SPDR Fund (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). The securities are set to price on April 30, 2024, with monthly valuation dates and a maturity date of August 4, 2025. Investors are offered a contingent coupon of at least 9.50% per annum, paid monthly, provided the worst-performing underlying's closing value is above its coupon barrier value on the valuation date. The coupon and final barrier values are set at 70% of each underlying's initial value. The securities may be automatically redeemed if the worst performer...Show More