Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 3-Year Autocallable Barrier Securities linked to the S&P 500 Futures Excess Return Index (SPXFP). The securities have a pricing date set for May 28, 2024, with valuation dates on May 28, 2025, and May 28, 2027, leading to a maturity date of June 3, 2027. The return amount is tied to the underlying return and the upside participation rate, which is set at 125.00%. The securities feature an automatic early redemption if the underlying's closing value on the interim valuation date is at or above its initial value, with a premium of 13.00% to 14.00% per annum. The stated principal amount is $1,000 per security. Investors are warned of significant risks, including the potential loss of their...Show More