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Citigroup | 424B2: Prospectus

SEC announcement ·  Jun 27 04:54
Summary by Futu AI
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has issued 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 NVIDIA Corporation's common stock and offer potential for monthly contingent coupon payments at an annualized rate of approximately 15.80%. The securities, which are principal at risk, were priced on June 24, 2024, and issued on June 27, 2024. Investors are exposed to the risk of not receiving any payments if Citigroup and Citigroup Inc. default on their obligations, and all payments are subject to the credit risk of both entities. The securities may be automatically redeemed prior to maturity if the performance criteria based on NVIDIA's stock are met, with the first potential redemption date approximately one month after the issue date. The securities are not listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, acted as the underwriter.
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has issued 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 NVIDIA Corporation's common stock and offer potential for monthly contingent coupon payments at an annualized rate of approximately 15.80%. The securities, which are principal at risk, were priced on June 24, 2024, and issued on June 27, 2024. Investors are exposed to the risk of not receiving any payments if Citigroup and Citigroup Inc. default on their obligations, and all payments are subject to the credit risk of both entities. The securities may be automatically redeemed prior to maturity if the performance criteria based on NVIDIA's stock are met, with the first potential redemption date approximately one month after the issue date. The securities are not listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, acted as the underwriter.
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