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Citigroup | 424B2: Prospectus

SEC announcement ·  Apr 16 05:05
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 guaranteed by Citigroup Inc. These securities, known as Autocallable Contingent Coupon Equity Linked Securities, are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, and are due on October 29, 2026. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are not insured or...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 guaranteed by Citigroup Inc. These securities, known as Autocallable Contingent Coupon Equity Linked Securities, are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, and are due on October 29, 2026. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are not insured or guaranteed by any governmental agency and will not be listed on any securities exchange. The pricing date is set for April 24, 2024, with an issue date of April 29, 2024. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter and will receive an underwriting fee for each security sold. The offering is subject to completion and is dated April 15, 2024.

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