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Citigroup | 424B2: Prospectus

SEC ·  04:13

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, which are unsecured debt securities linked to NVIDIA Corporation. These securities, due on December 6, 2027, offer potential for periodic contingent coupon payments that could yield higher returns than conventional debt securities of the same maturity. However, they come with risks including the possibility of receiving no coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are guaranteed by Citigroup Inc. and are not bank deposits, nor are they insured by any governmental agency. The pricing date is set for November 29, 2024, with an issue date of December 6, 2024. The securities will not be...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to NVIDIA Corporation. These securities, due on December 6, 2027, offer potential for periodic contingent coupon payments that could yield higher returns than conventional debt securities of the same maturity. However, they come with risks including the possibility of receiving no coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are guaranteed by Citigroup Inc. and are not bank deposits, nor are they insured by any governmental agency. The pricing date is set for November 29, 2024, with an issue date of December 6, 2024. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The announcement also details the terms of the offering, including the underlying, stated principal amount, valuation dates, maturity date, contingent coupon payment dates, and payment at maturity. The securities are subject to market risks and are suitable only for investors who can understand the complexities and risks involved.

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