Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued Medium-Term Senior Notes, Series N, which are Callable Contingent Coupon Equity Linked Securities. These unsecured debt securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the Utilities Select Sector SPDR Fund, with the worst performing index determining the securities' performance. The securities offer potential for periodic contingent coupon payments at a rate higher than Citigroup's conventional debt securities of the same maturity, but with risks including the possibility of receiving no contingent coupon payments and receiving less than the principal amount at maturity. The securities were priced on May 8, 2024, with an issue date of May 13, 2024, and are due on November 14, 2025. They are not listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a guarantee from Citigroup Inc. and has an underwriting fee of $5.00 per security, with total proceeds to the issuer of $3,980,000.00.