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Citigroup | 424B2: Prospectus

SEC announcement ·  Jun 27 03:44
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, under the Pricing Supplement No. 2024-USNCH22175. These unsecured debt securities, due June 28, 2029, are linked to the Citi Dynamic Asset Selector 5 Excess Return Index and do not pay interest. Instead, they offer potential for automatic early redemption at a premium if the Index exceeds the initial level on any valuation date before the final valuation date. If not redeemed early, a positive return at maturity is possible based on Index performance. The securities are guaranteed by Citigroup Inc. and have an aggregate principal amount of $2,600,000, with a pricing date of June 24, 2024, and an issue date of June 27, 2024. The securities are designed...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, under the Pricing Supplement No. 2024-USNCH22175. These unsecured debt securities, due June 28, 2029, are linked to the Citi Dynamic Asset Selector 5 Excess Return Index and do not pay interest. Instead, they offer potential for automatic early redemption at a premium if the Index exceeds the initial level on any valuation date before the final valuation date. If not redeemed early, a positive return at maturity is possible based on Index performance. The securities are guaranteed by Citigroup Inc. and have an aggregate principal amount of $2,600,000, with a pricing date of June 24, 2024, and an issue date of June 27, 2024. The securities are designed for investors willing to forgo interest for the potential of early redemption at a premium or a positive return at maturity. The securities are subject to the credit risk of the issuer and guarantor, and will not be listed on any securities exchange. The underwriter, Citigroup Global Markets Inc., will receive an underwriting fee for each security sold. The estimated value of the securities is $938.70 per security, which is less than the issue price. The securities are not bank deposits and are not insured by any governmental agency.

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