Summary by Futu AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued $15,875,000 in Buffered Digital S&P 500 Index-Linked Notes due May 12, 2026. These notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are linked to the performance of the S&P 500 Index from May 8, 2024, to May 8, 2026. Investors will receive a threshold settlement amount if the final index level on the determination date is at or above 85% of the initial index level, resulting in a 15% return. However, if the index falls more than 15% below the initial level, investors will incur a loss of approximately 1.1765% for every 1% decline beyond the threshold. The notes are unsecured senior debt securities guaranteed by Citigroup Inc. and are subject...Show More