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Citigroup | 424B2: Prospectus

SEC announcement ·  Mar 28 16:18
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of Digital S&P 500 Index-Linked Notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity. The return on these notes, due on a date expected to be the second business day after the scheduled determination date, is contingent on the performance of the S&P 500 Index from the trade date to the determination date, which is anticipated to be between 47 and 50 months after the trade date. If the final level of the S&P 500 Index on the determination date is at least 80% of the initial level, investors will receive a threshold settlement amount representing a contingent fixed return of...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of Digital S&P 500 Index-Linked Notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity. The return on these notes, due on a date expected to be the second business day after the scheduled determination date, is contingent on the performance of the S&P 500 Index from the trade date to the determination date, which is anticipated to be between 47 and 50 months after the trade date. If the final level of the S&P 500 Index on the determination date is at least 80% of the initial level, investors will receive a threshold settlement amount representing a contingent fixed return of 27.22% to 31.94%. However, if the final index level falls below 80% of the initial level, investors will incur a loss of 1% of the principal for every 1% decline in the index, potentially losing the entire investment. The notes are unsecured senior debt securities, subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc., and will not be listed on any securities exchange, indicating limited liquidity. The offering's pricing terms are not finalized and are subject to change. The notes are part of a preliminary pricing supplement filed on March 28, 2024, under Rule 424(b)(2) with the Securities and Exchange Commission, and are not yet available for sale in any state where such offering is not permitted.

This announcement is a separate document:

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