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Citigroup | 424B2: Prospectus

SEC announcement ·  Jun 27 05:09
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 autocallable securities linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of July 9, 2027. These unsecured debt securities do not pay interest, do not guarantee principal repayment at maturity, and are subject to potential automatic early redemption based on the performance of the worst-performing index. The securities offer the potential for automatic early redemption at a premium if the worst-performing underlying index's closing value on any valuation date, except the final one, is greater than or equal to its initial value. If not automatically...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 autocallable securities linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index, with a maturity date of July 9, 2027. These unsecured debt securities do not pay interest, do not guarantee principal repayment at maturity, and are subject to potential automatic early redemption based on the performance of the worst-performing index. The securities offer the potential for automatic early redemption at a premium if the worst-performing underlying index's closing value on any valuation date, except the final one, is greater than or equal to its initial value. If not automatically redeemed, the securities will either repay the principal amount plus a premium at maturity if the worst-performing index's final value is greater than or equal to its initial value, or repay the principal amount only if the final value is less than the initial value but above a specified barrier. However, if the final value is below the barrier, investors will lose a corresponding percentage of their principal. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering is set to be priced on July 3, 2024, with an issue date of July 9, 2024.

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