Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities due April 2025, linked to the performance of Microsoft Corporation's common stock. The securities are unsecured debt obligations offering potential for monthly contingent coupon payments at an annualized rate of 11.10%, which is higher than conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on Microsoft's stock performance. The securities are subject to market risks, including the possibility of receiving no coupon payments and losing the entire principal. The offering, expected to be priced on April 1, 2024, and issued on April 4, 2024, is not guaranteed by the FDIC or any other governmental agency...Show More