share_log

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

SEC announcement ·  Apr 27 04:15
Summary by Futu AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 5 Year Buffer Securities linked to the S&P 500 Futures Excess Return Index (SPXFP). The securities are designed to provide returns based on the performance of the underlying index with a buffer against losses. The pricing date is set for May 28, 2024, with a valuation date of May 29, 2029, and maturity on June 1, 2029. The securities offer an upside participation rate between 175.00% to 200.00% and a buffer percentage of 20.00%. However, if the underlying index depreciates more than the buffer percentage, investors will lose 1% of the principal amount for every 1% of additional depreciation. The securities do not pay interest and will not be listed on any securities exchange, which may limit their...Show More
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 5 Year Buffer Securities linked to the S&P 500 Futures Excess Return Index (SPXFP). The securities are designed to provide returns based on the performance of the underlying index with a buffer against losses. The pricing date is set for May 28, 2024, with a valuation date of May 29, 2029, and maturity on June 1, 2029. The securities offer an upside participation rate between 175.00% to 200.00% and a buffer percentage of 20.00%. However, if the underlying index depreciates more than the buffer percentage, investors will lose 1% of the principal amount for every 1% of additional depreciation. The securities do not pay interest and will not be listed on any securities exchange, which may limit their liquidity. Investors are also exposed to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes significant risks, such as the potential loss of a significant portion of the investment, and the lack of dividend rights or other rights associated with the underlying index. The estimated value of the securities on the pricing date is expected to be less than the issue price, and their value will fluctuate based on many unpredictable factors.

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.