Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of Medium-Term Senior Notes, Series N, which are unsecured debt securities guaranteed by Citigroup Inc. These securities, linked to the performance of MercadoLibre, Inc., are designed to offer potential for periodic contingent coupon payments that could yield higher returns than conventional debt securities of the same maturity. However, they carry significant risks, including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or early redemption. The securities, with a stated principal amount of $1,000 each, were priced on May 8, 2024, and are due on May 15, 2026. They are not listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The securities were issued with an underwriting fee of $20.00 per security, resulting in total proceeds to the issuer of $343,000.00. Investors are advised to read the accompanying product supplement, prospectus supplement, and prospectus in connection with their investment.