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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 autocallable securities linked to the performance of the Dow Jones Industrial Average (INDU), the Russell 2000 Index (RTY), and the S&P 500 Index (SPX). The securities have a pricing date set for April 25, 2024, with annual valuation dates beginning approximately one year after issuance and a final valuation date on April 25, 2029. The maturity date is April 30, 2029. The securities feature an automatic early redemption option if the worst-performing underlying exceeds its initial value on any valuation date before the final valuation date, with a minimum premium of 6.50% per annum. The securities do not pay interest and offer potential returns limited to the performance of the worst-performing...Show More
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 5-year autocallable securities linked to the performance of the Dow Jones Industrial Average (INDU), the Russell 2000 Index (RTY), and the S&P 500 Index (SPX). The securities have a pricing date set for April 25, 2024, with annual valuation dates beginning approximately one year after issuance and a final valuation date on April 25, 2029. The maturity date is April 30, 2029. The securities feature an automatic early redemption option if the worst-performing underlying exceeds its initial value on any valuation date before the final valuation date, with a minimum premium of 6.50% per annum. The securities do not pay interest and offer potential returns limited to the performance of the worst-performing underlying, which also poses a significant risk of loss up to the entire investment if the final underlying value is below its final barrier value. Citigroup has highlighted several risks, including credit risk, market volatility, lack of dividends, and potential conflicts of interest. The securities will not be listed on any securities exchange, and their estimated value at the time of pricing will 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 comprehensive understanding of the offering and associated risks.

This announcement is a separate document:

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