Summary by Futu AI
Citigroup Global Markets Holdings Inc. is offering Autocallable Contingent Coupon Equity Linked Securities due January 31, 2030, linked to the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER. The securities offer potential periodic contingent coupon payments at an annualized rate of at least 13.00%, subject to the performance of the underlying index.The securities may be automatically called for early redemption if the closing value of the underlying index on any potential autocall date is greater than or equal to its initial value. If not called early, at maturity investors will receive the stated principal amount if the final index value is at or above the final barrier value. Otherwise, investors will be fully exposed to the decline in the underlying index.The securities involve significant risks, including potential loss of principal. Citigroup warns that the underlying index is highly volatile and may significantly underperform the S&P 500 Index due to leverage, implicit financing costs, and a 6% per annum decrement. The offering aims to raise capital for Citigroup.