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, linked to the EURO STOXX 50 Index, with a maturity date of July 3, 2029. These unsecured debt securities, which do not pay interest and offer variable returns based on the index performance, are set to be priced on June 28, 2024, and issued on July 3, 2024. The securities provide modified exposure to the underlying index with potential for positive returns if the index appreciates or depreciates, subject to certain conditions. However, if the index's final value falls below a specified barrier value, investors could lose a significant portion or all of their investment. The securities are not insured or guaranteed, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering is part of a filed registration statement with the SEC, and the securities will not be listed on any securities exchange, indicating potential limited liquidity for investors.