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 unsecured debt securities linked to the S&P 500 Index and due on August 4, 2026. These securities do not pay interest and offer a payment at maturity that varies based on the performance of the S&P 500 Index from the initial to the final underlying value. The securities provide modified exposure to the index, with a limited opportunity for appreciation and a buffer against depreciation, but investors will forgo any dividends from the underlying index. The securities are priced at $1,000 each, with an underwriting fee of $5.00 per security, and are not listed on any securities exchange. The offering is...Show More