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Citigroup | 424B2: Prospectus

SEC ·  03:19

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 November 17, 2027. These market-linked notes, which do not pay interest, offer potential returns based on the performance of the underlying index from the initial to the final underlying value. The notes are unsecured and guaranteed by Citigroup Inc. The pricing date is set for November 12, 2024, with an issue date of November 15, 2024. The notes will not be listed on any securities exchange, and all payments are subject to the credit risk of the issuer and guarantor. The notes are designed for investors willing to forgo dividends...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 November 17, 2027. These market-linked notes, which do not pay interest, offer potential returns based on the performance of the underlying index from the initial to the final underlying value. The notes are unsecured and guaranteed by Citigroup Inc. The pricing date is set for November 12, 2024, with an issue date of November 15, 2024. The notes will not be listed on any securities exchange, and all payments are subject to the credit risk of the issuer and guarantor. The notes are designed for investors willing to forgo dividends and accept the risk of receiving no return on their investment if the underlying does not appreciate. The estimated value of the notes is based on proprietary pricing models and the internal funding rate of Citigroup Global Markets Holdings Inc. The notes are considered 'contingent payment debt instruments' for U.S. federal income tax purposes, and investors are advised to consult their tax advisers regarding all tax considerations.

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