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Citigroup | 424B2: Prospectus

SEC announcement ·  Apr 27 04:15
Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of a new financial product, the Performance Leveraged Upside Securities (PLUS), based on the EURO STOXX 50 Index, with a maturity date set for September 2025. These unsecured debt securities do not pay interest and offer a payment at maturity that varies based on the performance of the EURO STOXX 50 Index. The securities provide leveraged exposure to the index's potential appreciation, with a maximum return at maturity capped at 24.65% of the stated principal amount. Investors are warned that they may lose a significant portion or all of their investment if the index depreciates. The securities are principal at risk, meaning that the payment at maturity could be...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of a new financial product, the Performance Leveraged Upside Securities (PLUS), based on the EURO STOXX 50 Index, with a maturity date set for September 2025. These unsecured debt securities do not pay interest and offer a payment at maturity that varies based on the performance of the EURO STOXX 50 Index. The securities provide leveraged exposure to the index's potential appreciation, with a maximum return at maturity capped at 24.65% of the stated principal amount. Investors are warned that they may lose a significant portion or all of their investment if the index depreciates. The securities are principal at risk, meaning that the payment at maturity could be less than the initial investment. The offering is expected to be priced in May 2024, with an issue date shortly thereafter. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities. The securities will not be listed on any securities exchange, and their liquidity may be limited. The offering is subject to completion, with a preliminary pricing supplement filed with the SEC. Investors are advised to read the accompanying product supplement, underlying supplement, prospectus supplement, and prospectus in conjunction with this pricing supplement before investing.

This announcement is a separate document:

Doc 1

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