Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities due September 2026, linked to the performance of Upstart Holdings, Inc.'s common stock. These unsecured debt securities offer potential for quarterly contingent coupon payments at an annualized rate of 30.00%, which is higher than conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on the performance of Upstart Holdings, Inc.'s stock. The securities are subject to market risks, including the possibility of receiving fewer or no coupon payments, and the risk of losing the entire principal. The securities, which are not bank deposits, are not insured or guaranteed by any governmental...Show More