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 NVIDIA Corporation, with a maturity date of January 14, 2026. These unsecured debt securities are designed to offer potential for periodic contingent coupon payments that could yield higher than conventional debt securities of the same maturity. However, the actual yield could be lower, and the value at maturity may be significantly less than the principal amount, potentially zero, depending on NVIDIA's performance. The securities are callable, meaning Citigroup may redeem them before maturity on specified dates. The offering, which is not yet finalized and is subject to completion, is scheduled with a pricing date of July 9, 2024, and an...Show More