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 among Meta Platforms, Inc., Microsoft Corporation, and U.S. Bancorp, with a maturity date of May 5, 2027. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of not receiving some or all coupon payments, receiving less than the principal amount at maturity, or early redemption. The securities are unsecured and subject to the credit risk of both Citigroup Global...Show More