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, under the designation Callable Dual Directional Barrier Securities Linked to the S&P 500 Futures Excess Return Index, with a maturity date of August 3, 2029. These unsecured debt securities, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are designed to track futures contracts on the S&P 500 Index and are expected to underperform the total return performance of the S&P 500 Index due to an implicit financing cost. The securities offer potential for investors to participate in the appreciation or depreciation of the underlying index, but also carry the risk of losing a significant...Show More