Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 1 Year Barrier Securities linked to the S&P 500 Index (SPX), with a pricing date set for April 25, 2024. The valuation date is May 1, 2025, and the maturity date is May 6, 2025. The securities offer a 100% upside participation rate with a maximum return at maturity capped at 80% of the initial underlying value. The return amount is contingent on the performance of the SPX, with different payout scenarios based on the final underlying value relative to the initial value and a final barrier value. Investors are warned that they may lose a significant portion or all of their investment if the final underlying value is less than the final barrier value...Show More