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Citigroup | 424B2: Prospectus

SEC ·  Jun 27 04:34
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 unsecured debt securities linked to the S&P 500 Futures Excess Return Index and due on July 7, 2027. These autocallable buffer securities do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer potential for automatic early redemption at a premium if the underlying index meets certain conditions before the final valuation date. The securities are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any governmental agency. The pricing date is set for July 1, 2024, with an issue date of July 5, 2024. The securities will not be listed on...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the S&P 500 Futures Excess Return Index and due on July 7, 2027. These autocallable buffer securities do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer potential for automatic early redemption at a premium if the underlying index meets certain conditions before the final valuation date. The securities are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any governmental agency. The pricing date is set for July 1, 2024, with an issue date of July 5, 2024. The securities will not be listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The estimated value of the securities on the pricing date is expected to be at least $924.00 per security, which is less than the issue price of $1,000.00 per security. The securities are suitable only for investors who understand the complexities and risks involved.

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