Summary by Futu AI
Citigroup Global Markets Holdings Inc. is offering Digital Notes due December 23, 2027, linked to the Citi Dynamic Asset Selector 5 Excess Return Index. The notes provide a digital return of 20% if the index level at maturity is at or above the initial level. If below, investors receive only the principal amount.The index allocates between U.S. equity and Treasury futures based on trend and volatility signals, aiming for a 5% volatility target. It includes a 0.85% annual index fee. Key risks include potential underperformance in rising markets due to limited equity exposure, significant Treasury exposure sensitive to interest rates, and the impact of the index fee on returns.The notes, priced at $1,000 each with a total offering of $450,000, will not be listed on any exchange. CGMI, acting as underwriter, will receive a $20 fee per note. The estimated value on the pricing date is $936.40 per note, less than the issue price.