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