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Citigroup | 424B2: Prospectus

SEC announcement ·  May 10 16:02
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 Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the SPDR S&P Regional Banking ETF. The securities offer potential for periodic contingent coupon payments with an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are not insured or...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 Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the SPDR S&P Regional Banking ETF. The securities offer potential for periodic contingent coupon payments with an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors face risks including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are not insured or guaranteed by any governmental agency. The offering, subject to completion and dated May 9, 2024, has a pricing date set for May 14, 2024, and an issue date of May 17, 2024. The securities are due on April 17, 2026, unless earlier redeemed. Citigroup Global Markets Inc., an affiliate of the issuer, is acting as the underwriter and will receive an underwriting fee for each security sold. The securities will not be listed on any securities exchange, indicating that there may be limited liquidity for investors looking to sell before maturity.

This announcement is a separate document:

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