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Citigroup | 424B2: Prospectus

SEC announcement ·  Jun 27 05:34
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 autocallable securities linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 24, 2028. These unsecured debt securities do not pay interest, do not guarantee principal repayment at maturity, and are subject to potential automatic early redemption based on the performance of the worst performing index. The securities offer the potential for automatic early redemption at a premium if the worst performing underlying index on any valuation date, other than the final valuation date, is greater than or equal to its initial value. If not automatically redeemed, the securities will...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 autocallable securities linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 24, 2028. These unsecured debt securities do not pay interest, do not guarantee principal repayment at maturity, and are subject to potential automatic early redemption based on the performance of the worst performing index. The securities offer the potential for automatic early redemption at a premium if the worst performing underlying index on any valuation date, other than the final valuation date, is greater than or equal to its initial value. If not automatically redeemed, the securities will either repay the principal amount plus a premium at maturity, repay the principal amount with no premium, or result in a loss of principal if the worst performing index's final value is below its final barrier value. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering is scheduled with a pricing date of July 19, 2024, and an issue date of July 24, 2024. The securities are not bank deposits, are not FDIC insured, and involve investment risks including the potential loss of the principal amount invested.

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