Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Autocallable Phoenix Securities based on the SPDR S&P 500 ETF Trust, with a maturity date set for April 2025. The securities are unsecured senior debt obligations of Citigroup Global Markets Holdings Inc. and are guaranteed by Citigroup Inc. They offer potential for contingent coupon payments that could yield higher than conventional debt securities of the same maturity, but with associated risks. The securities are subject to market performance, particularly that of the SPDR S&P 500 ETF Trust, and investors could face a negative yield or loss of principal if the performance is poor. The securities are not bank deposits and are not insured or guaranteed by...Show More