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Citigroup | 424B2: Prospectus

SEC ·  Sep 21 04:19

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, linked to the S&P 500 Futures Excess Return Index, with a maturity date of September 23, 2027. These unsecured debt securities, which do not pay interest, offer potential returns based on the performance of the underlying index from the initial value to the final value. The securities are guaranteed by Citigroup Inc. and have a stated principal amount of $1,000 per security, with an upside participation rate of 101.00%. The pricing date is set for September 18, 2024, with an issue date of September 23, 2024. The valuation date is September 20, 2027, subject to postponement under certain conditions. The securities will not be listed on any securities exchange...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the S&P 500 Futures Excess Return Index, with a maturity date of September 23, 2027. These unsecured debt securities, which do not pay interest, offer potential returns based on the performance of the underlying index from the initial value to the final value. The securities are guaranteed by Citigroup Inc. and have a stated principal amount of $1,000 per security, with an upside participation rate of 101.00%. The pricing date is set for September 18, 2024, with an issue date of September 23, 2024. The valuation date is September 20, 2027, subject to postponement under certain conditions. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The underwriting fee is $4.50 per security, with total proceeds to the issuer of $1,294,150.00. The estimated value of the securities at the time of the pricing supplement is $986.20 per security, which is less than the issue price. The securities are considered suitable only for investors who understand the complexities and risks involved.

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