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Citigroup | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Mar 28 15:56
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 5 Year Buffer Securities linked to the S&P 500 Futures Excess Return Index (SPXFP). The securities are designed to provide returns based on the performance of the underlying index with a pricing date set for April 30, 2024, and a maturity date of May 3, 2029. The return amount will range from 190.00% to 215.00%, with an upside participation rate determined on the pricing date. A buffer percentage of 20.00% is established to protect against a decline in the underlying index value. However, if the final underlying value is less than the final buffer value, investors will incur a loss of 1% of the principal amount for every 1% that the depreciation exceeds the buffer percentage...Show More
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 5 Year Buffer Securities linked to the S&P 500 Futures Excess Return Index (SPXFP). The securities are designed to provide returns based on the performance of the underlying index with a pricing date set for April 30, 2024, and a maturity date of May 3, 2029. The return amount will range from 190.00% to 215.00%, with an upside participation rate determined on the pricing date. A buffer percentage of 20.00% is established to protect against a decline in the underlying index value. However, if the final underlying value is less than the final buffer value, investors will incur a loss of 1% of the principal amount for every 1% that the depreciation exceeds the buffer percentage. The securities do not pay interest and will not be listed on any securities exchange, which may limit their liquidity. The offering includes significant risk considerations, such as the potential for substantial investment loss, credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and unclear U.S. federal tax consequences. The estimated value of the securities on the pricing date is expected to be less than the issue price. Investors are advised to read the accompanying preliminary pricing supplement and other documents filed with the SEC for a more complete description of risks associated with the investment.

This announcement is a separate document:

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