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Citigroup | 424B2: Prospectus

SEC announcement ·  Jun 27 04:50
Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of 10,000 Contingent Income Auto-Callable Securities, due on June 30, 2025, with an aggregate stated principal amount of $10 million. These unsecured debt securities are based on the performance of the VanEck Vectors Oil Services ETF (OIH) and offer potential for monthly contingent coupon payments at an annualized rate of 13.35%. The securities are principal at risk, meaning investors may lose some or all of their investment depending on the performance of the underlying ETF. The securities, which are not FDIC insured, will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of 10,000 Contingent Income Auto-Callable Securities, due on June 30, 2025, with an aggregate stated principal amount of $10 million. These unsecured debt securities are based on the performance of the VanEck Vectors Oil Services ETF (OIH) and offer potential for monthly contingent coupon payments at an annualized rate of 13.35%. The securities are principal at risk, meaning investors may lose some or all of their investment depending on the performance of the underlying ETF. The securities, which are not FDIC insured, will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a strike date of June 21, 2024, a pricing date of June 24, 2024, and an issue date of June 27, 2024. The securities may be automatically redeemed prior to maturity if certain conditions are met, and the payment at maturity will vary based on the final share price of the underlying ETF. The securities were priced with an estimated value of $1,000.50 per security, which is less than the issue price, reflecting the underwriting fee and other costs.

This announcement is a separate document:

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