Summary by Futu AI
Citigroup Global Markets Holdings Inc. announces Contingent Income Callable Securities due January 2027, based on the performance of the Nasdaq-100, Russell 2000, and S&P 500 indices. The securities offer a potential 13.30% annual return, paid quarterly if no coupon barrier event occurs.The securities carry a $1,000 principal amount and may be called by the issuer on any potential redemption date. If not called, payment at maturity depends on the worst-performing index. Investors face potential loss if the worst-performing index falls below 75% of its initial level. The estimated value on the pricing date is expected to be at least $921.50 per security.Investors are advised to carefully review the risk factors, including potential loss of investment, credit risk, and limited secondary market liquidity. The U.S. federal tax consequences of the investment are described as unclear, and investors are urged to consult their tax advisers.