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Citigroup | 424B2: Prospectus

SEC announcement ·  Mar 28 17:22
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are autocallable securities linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of May 5, 2027. These unsecured debt securities do not pay interest, do not guarantee principal repayment at maturity, and are subject to potential automatic early redemption based on the performance of the worst performing index. The securities offer the potential for automatic early redemption at a premium if the worst performing underlying index on any valuation date, other than the final valuation date, is greater than or equal to its initial value. If not automatically redeemed, the securities will...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are autocallable securities linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of May 5, 2027. These unsecured debt securities do not pay interest, do not guarantee principal repayment at maturity, and are subject to potential automatic early redemption based on the performance of the worst performing index. The securities offer the potential for automatic early redemption at a premium if the worst performing underlying index on any valuation date, other than the final valuation date, is greater than or equal to its initial value. If not automatically redeemed, the securities will either repay the principal amount plus a premium at maturity or repay the principal amount only, depending on the final underlying value of the worst performing index. Investors are exposed to the risks of both indices and will not receive dividends or participate in any appreciation of the indices. The securities are guaranteed by Citigroup Inc. and are not bank deposits, nor are they insured by any governmental agency. The pricing date is set for April 30, 2024, with an issue date of May 3, 2024. The securities will not be listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter. The offering is subject to a registration statement filed with the SEC and is not yet an offer to sell.

This announcement is a separate document:

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