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Citigroup | 424B2: Prospectus

SEC announcement ·  May 10 12:19
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued $15,550,000 in Autocallable Buffered EURO STOXX Banks Index-Linked Notes, due May 12, 2026. These notes, unlike conventional debt securities, do not pay interest and do not guarantee a fixed principal repayment at maturity. The notes will mature on May 12, 2026, unless automatically called on May 16, 2025, if the EURO STOXX Banks Index closes at or above 85% of its initial level, resulting in a payment of 110.51% of the principal. If not called, the payout at maturity will depend on the Index's performance from the trade date, May 8, 2024, to the determination date, May 8, 2026. Investors could receive the principal amount plus a premium if the Index's final level is at or above 85% of...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued $15,550,000 in Autocallable Buffered EURO STOXX Banks Index-Linked Notes, due May 12, 2026. These notes, unlike conventional debt securities, do not pay interest and do not guarantee a fixed principal repayment at maturity. The notes will mature on May 12, 2026, unless automatically called on May 16, 2025, if the EURO STOXX Banks Index closes at or above 85% of its initial level, resulting in a payment of 110.51% of the principal. If not called, the payout at maturity will depend on the Index's performance from the trade date, May 8, 2024, to the determination date, May 8, 2026. Investors could receive the principal amount plus a premium if the Index's final level is at or above 85% of the initial level. However, if the Index falls more than 15% below the initial level, investors will incur a loss greater than the buffer amount, potentially losing the entire investment. The notes are unsecured and subject to Citigroup's credit risk. They will not be listed on any securities exchange, indicating limited liquidity and investment risk. The issue price per note is $1,000, with an estimated value of $973.30 per note at the time of the pricing supplement, reflecting the proprietary pricing models and internal funding rate of Citigroup Global Markets Inc. The notes are part of a hedging strategy, which may affect their market value. The offering includes a disclaimer that the SEC has not approved or disapproved the notes, nor have they confirmed the accuracy of the pricing supplement. The notes are not FDIC insured.

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