Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the S&P 500 Futures Excess Return Index, with a maturity date of June 5, 2029. These unsecured debt securities, which do not pay interest and offer variable repayment at maturity based on the performance of the underlying index, are set to be priced on May 31, 2024, and issued on June 5, 2024. The securities provide modified exposure to the underlying index, with a potential for appreciation participation at a rate between 200.00% to 225.00%, and a buffer against depreciation up to a specified percentage. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., and will...Show More