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Citigroup | 424B2: Prospectus

SEC announcement ·  03:06
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
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 notes are not bank deposits, are not insured by any governmental agency, and will not be listed on any securities exchange, which may result in limited liquidity. The issue price per note is $1,000, with an estimated value at the time of the pricing supplement of $979.50 per note. The offering includes an underwriting discount, and net proceeds to the issuer are listed at $26,876,500.00. Citigroup Global Markets Inc., an affiliate of the issuer, is the underwriter for the offering. The notes are part of the Medium-Term Senior Notes, Series N, and investors are advised to read the accompanying documents for detailed information on terms and risks.

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