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Citigroup | 424B2: Prospectus

SEC announcement ·  Apr 16 04:10
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 Callable Contingent Coupon Equity Linked Securities. These unsecured debt securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the SPDR S&P Regional Banking ETF, and are due on April 24, 2025. The securities offer potential for periodic contingent coupon payments that could yield higher than Citigroup's conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no coupon payments and receiving less than the principal amount at maturity, depending on the performance of the worst-performing underlying index. The securities are subject to completion, with a...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are Callable Contingent Coupon Equity Linked Securities. These unsecured debt securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the SPDR S&P Regional Banking ETF, and are due on April 24, 2025. The securities offer potential for periodic contingent coupon payments that could yield higher than Citigroup's conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no coupon payments and receiving less than the principal amount at maturity, depending on the performance of the worst-performing underlying index. The securities are subject to completion, with a pricing date of April 19, 2024, and an issue date of April 24, 2024. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities. The securities will not be listed on any securities exchange, indicating limited liquidity and marketability. Investors must be willing to accept the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the risk of not receiving any payments if the issuers default on their obligations.

This announcement is a separate document:

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