Summary by Futu AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the issuance of a new series of market-linked securities. These securities, due on July 12, 2029, are linked to the performance of the lowest performing index among the EURO STOXX 50, the Russell 2000, and the Nikkei 225. The securities offer a fixed coupon rate of at least 7.10% per annum, paid quarterly, but carry the risk of principal loss if the lowest performing index falls below a certain threshold. The securities are not conventional debt securities and will not repay a fixed amount of principal at maturity unless the lowest performing index's closing value is above the threshold. The securities are unsecured debt obligations and are not bank deposits, nor are they...Show More