Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are autocallable contingent coupon equity-linked securities. These securities are linked to the performance of the worst performing of two underlyings, Ally Financial Inc. and Intel Corporation, and are due on April 22, 2027. The offering, detailed in a preliminary pricing supplement dated April 15, 2024, is subject to completion and is not yet an offer to sell. The securities are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and are guaranteed by Citigroup Inc. They offer potential for periodic contingent coupon payments at a rate higher than conventional debt securities of the same maturity, in exchange for accepting certain risks...Show More