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Citigroup | 424B2: Prospectus

SEC announcement ·  May 10 16:45
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, which are unsecured debt securities guaranteed by Citigroup Inc. These securities, known as Autocallable Contingent Coupon Equity Linked Securities, are linked to the performance of the Russell 2000 Index, the S&P 500 Index, and the SPDR S&P Regional Banking ETF. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of not receiving some or all coupon payments, receiving less than the principal amount at maturity, or early redemption of the securities. The securities are subject to credit...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 unsecured debt securities guaranteed by Citigroup Inc. These securities, known as Autocallable Contingent Coupon Equity Linked Securities, are linked to the performance of the Russell 2000 Index, the S&P 500 Index, and the SPDR S&P Regional Banking ETF. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of not receiving some or all coupon payments, receiving less than the principal amount at maturity, or early redemption of the securities. The securities are subject to credit risk and are not bank deposits, nor are they insured by any governmental agency. The offering is subject to completion, with a pricing date of May 20, 2024, and an issue date of May 23, 2024. The securities are due on November 25, 2025, and will not be listed on any securities exchange. Citigroup Global Markets Inc. will act as the underwriter and will receive an underwriting fee for each security sold. The estimated value of the securities is based on proprietary pricing models and is not an indication of actual profit or the price at which the securities may be bought or sold after issuance.

This announcement is a separate document:

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