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Citigroup | 424B2: Prospectus

SEC announcement ·  Jun 27 05:29
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 performance of Tesla, Inc. These unsecured debt securities, due on July 14, 2026, offer potential for periodic contingent coupon payments that could yield higher returns than conventional debt securities of the same maturity. However, these payments are contingent upon the performance of Tesla's stock, and investors may receive significantly less than the principal amount, or nothing, if the securities are not redeemed prior to maturity and Tesla's stock underperforms. The securities are set to be priced on July 9, 2024, with an issue date of July 12, 2024. They are not insured by any governmental agency and will not be listed on any securities exchange, indicating limited liquidity. The offering is guaranteed by Citigroup Inc. and is subject to the credit risk of both the issuer and the guarantor. The announcement comes ahead of Citigroup Inc.'s quarterly earnings release scheduled for July 12, 2024.
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the performance of Tesla, Inc. These unsecured debt securities, due on July 14, 2026, offer potential for periodic contingent coupon payments that could yield higher returns than conventional debt securities of the same maturity. However, these payments are contingent upon the performance of Tesla's stock, and investors may receive significantly less than the principal amount, or nothing, if the securities are not redeemed prior to maturity and Tesla's stock underperforms. The securities are set to be priced on July 9, 2024, with an issue date of July 12, 2024. They are not insured by any governmental agency and will not be listed on any securities exchange, indicating limited liquidity. The offering is guaranteed by Citigroup Inc. and is subject to the credit risk of both the issuer and the guarantor. The announcement comes ahead of Citigroup Inc.'s quarterly earnings release scheduled for July 12, 2024.
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