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Citigroup | 424B2: Prospectus

SEC announcement ·  Mar 28 15:53
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has issued Medium-Term Senior Notes, Series N, which are unsecured debt securities guaranteed by Citigroup Inc. These Callable Contingent Coupon Equity Linked Securities are linked to the performance of the Russell 2000 Index, the S&P 500 Index, and the VanEck Gold Miners 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 and receiving less than the principal amount at maturity, which is dependent on the performance of the worst-performing underlying index or ETF. The securities were priced...Show More
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has issued Medium-Term Senior Notes, Series N, which are unsecured debt securities guaranteed by Citigroup Inc. These Callable Contingent Coupon Equity Linked Securities are linked to the performance of the Russell 2000 Index, the S&P 500 Index, and the VanEck Gold Miners 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 and receiving less than the principal amount at maturity, which is dependent on the performance of the worst-performing underlying index or ETF. The securities were priced on March 26, 2024, with an issue date of April 1, 2024, and a maturity date of October 1, 2025, unless redeemed earlier. The securities will not be listed on any securities exchange, and their liquidity may be limited. Citigroup Inc. has the right to call the securities for mandatory redemption on specified dates. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The initial offering raised a total of $700,000 with an underwriting fee of $24.00 per security and proceeds to the issuer of $976.00 per security. The estimated value of the securities at the time of pricing was $962.90 per security, which is less than the issue price.

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