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Citigroup | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Apr 16 04:07
Summary by Futu AI
Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the issuance of Trigger PLUS Securities, which are principal at risk securities based on the performance of the S&P 500 Index, with a maturity date set for May 5, 2026. The securities, priced at $1,000 each, have a pricing date of April 30, 2024, and an issue date of May 3, 2024. An automatic early redemption feature is included, which will redeem the securities at a 9.10% premium if the S&P 500 Index reaches or exceeds the initial index level on the interim valuation date, expected to be May 7, 2025. If not redeemed early, the payout at maturity will vary depending on the final index level, with the potential for significant losses if the index falls...Show More
Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the issuance of Trigger PLUS Securities, which are principal at risk securities based on the performance of the S&P 500 Index, with a maturity date set for May 5, 2026. The securities, priced at $1,000 each, have a pricing date of April 30, 2024, and an issue date of May 3, 2024. An automatic early redemption feature is included, which will redeem the securities at a 9.10% premium if the S&P 500 Index reaches or exceeds the initial index level on the interim valuation date, expected to be May 7, 2025. If not redeemed early, the payout at maturity will vary depending on the final index level, with the potential for significant losses if the index falls below the trigger level of 75% of the initial index level. The securities do not pay interest and are subject to the credit risk of both Citigroup entities. They will not be listed on any securities exchange, which may impact the ability to sell them before maturity. The estimated value of the securities at issuance will be less than the issue price, and the value will fluctuate based on many factors. Investors are advised to carefully review the detailed risk considerations and consult the accompanying preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement, and prospectus filed with the SEC before investing.

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