Summary by Futu AI
Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for a new investment product: 3 Year Autocallable Contingent Coupon Securities. These securities are linked to the performance of the iShares MSCI EAFE ETF (EFA) and the Russell 2000 Index (RTY), with the worst performer determining the payout. The securities have a pricing date set for July 19, 2024, and will mature on July 22, 2027. Investors can earn a contingent coupon of at least 7.25% per annum, paid monthly, provided the worst-performing underlying's closing value is above its coupon barrier value on the valuation date. The coupon barrier and final barrier values are set at 80% of each underlying's initial value. The securities also feature an automatic early...Show More