Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 1.25-year Market-Linked Securities tied to the S&P 500 Index (ticker: “SPX”). The securities have a pricing date set for April 30, 2024, with a valuation date on July 30, 2025, and maturity date on August 4, 2025. The securities offer a 100.00% upside participation rate and a minimum of 7.50% maximum return at maturity, which will be determined on the pricing date. The return amount for investors will be either zero or positive, depending on the final underlying value of the S&P 500 at the valuation date compared to the initial value on the pricing date. Payments are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc...Show More