Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of unsecured debt securities linked to the S&P 500 Index, with no interest payments and a potential return based on the index's performance. The securities, known as Medium-Term Senior Notes, Series N, are set to be priced on April 30, 2024, with an issue date of May 3, 2024, and a maturity date of August 4, 2025. The return on investment is contingent on the appreciation of the S&P 500 from the initial to the final underlying value, with a maximum return at maturity to be determined on the pricing date. The securities are guaranteed by Citigroup Inc. and will not pay dividends or offer liquidity prior to maturity. The...Show More