share_log

Citigroup | 424B2: Prospectus

SEC announcement ·  Mar 28 15:53
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, linked to the Citi Dynamic Asset Selector 5 Excess Return Index, with a maturity date of October 30, 2025. These unsecured debt securities, which do not pay interest, offer potential positive returns at maturity based on the index's performance from the initial to the final index level. The securities are designed for investors willing to forgo interest and accept the risk of not receiving any return in exchange for the potential of a positive return at maturity. The securities are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any governmental agency. The pricing...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the Citi Dynamic Asset Selector 5 Excess Return Index, with a maturity date of October 30, 2025. These unsecured debt securities, which do not pay interest, offer potential positive returns at maturity based on the index's performance from the initial to the final index level. The securities are designed for investors willing to forgo interest and accept the risk of not receiving any return in exchange for the potential of a positive return at maturity. The securities are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any governmental agency. The pricing date is set for April 25, 2024, with an issue date of April 30, 2024. The securities will not be listed on any securities exchange, and all payments are fully and unconditionally guaranteed by Citigroup Inc. The aggregate stated principal amount and the upside participation rate will be determined on the pricing date. Citigroup Global Markets Inc., an affiliate acting as the underwriter, will receive an underwriting fee for each security sold. The estimated value of the securities on the pricing date is expected to be at least $850.00 per security, which is less than the issue price. The securities are considered 'contingent payment debt instruments' for U.S. federal income tax purposes, and investors are required to recognize interest income over the term of the securities based on a 'comparable yield' determined by Citigroup.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more