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Citigroup | 424B2: Prospectus

SEC announcement ·  May 11 05:04
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, due May 20, 2026. These unsecured debt securities, linked to the worst performing of SAP SE, UBS Group AG, and the VanEck Junior Gold Miners ETF, offer higher yield periodic coupon payments compared to conventional debt securities of the same maturity. The securities, which are subject to credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., may be automatically called for redemption prior to maturity, with the first potential autocall date being November 13, 2024. The securities will not be listed on any securities exchange, and all payments are fully and unconditionally guaranteed by Citigroup Inc. The issue date is...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, due May 20, 2026. These unsecured debt securities, linked to the worst performing of SAP SE, UBS Group AG, and the VanEck Junior Gold Miners ETF, offer higher yield periodic coupon payments compared to conventional debt securities of the same maturity. The securities, which are subject to credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., may be automatically called for redemption prior to maturity, with the first potential autocall date being November 13, 2024. The securities will not be listed on any securities exchange, and all payments are fully and unconditionally guaranteed by Citigroup Inc. The issue date is set for May 20, 2024, with a pricing date of May 8, 2024. The initial underlying values and final barrier values for each underlying have been specified, with the potential for the securities to be redeemed for cash or a fixed number of underlying shares if the final underlying value of the worst performing underlying is less than its final barrier value on the valuation date. The underwriting fee and issue price per security are $31.50 and $1,000.00 respectively, with Citigroup Global Markets Inc. acting as the underwriter.

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