Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued $27,425,000 in Buffered S&P 500 Index-Linked Notes due on July 8, 2026. These notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are linked to the performance of the S&P 500 Index from July 5, 2024, to July 6, 2026. The return on the notes is capped at a maximum settlement amount of $1,209.25 per $1,000 principal amount, with a buffer against index declines up to 10%. If the index falls more than 10%, investors will lose a proportionate amount of their principal. The notes are unsecured senior debt securities, fully and unconditionally guaranteed by Citigroup Inc., and subject to the credit risk of both the issuer and the guarantor. The...Show More