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Citigroup | 424B2: Prospectus

SEC announcement ·  Mar 28 17:27
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 Bank of America Corporation's common stock. These unsecured debt securities offer potential for monthly contingent coupon payments at an annualized rate of approximately 12.50%, which is higher than the yield on Citigroup's conventional debt securities of the same maturity. The securities are subject to completion and are expected to be priced on April 1, 2024, with an issue date of April 4, 2024, and a maturity date of April 7, 2025, unless earlier redeemed. The securities are principal at risk, meaning investors may lose some or all of their investment depending on the performance of Bank of America...Show More
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 Bank of America Corporation's common stock. These unsecured debt securities offer potential for monthly contingent coupon payments at an annualized rate of approximately 12.50%, which is higher than the yield on Citigroup's conventional debt securities of the same maturity. The securities are subject to completion and are expected to be priced on April 1, 2024, with an issue date of April 4, 2024, and a maturity date of April 7, 2025, unless earlier redeemed. The securities are principal at risk, meaning investors may lose some or all of their investment depending on the performance of Bank of America's stock. Payments on the securities are fully guaranteed by Citigroup Inc. and are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The securities will not be listed on any securities exchange, indicating potential limited liquidity for investors. The offering is contingent upon market conditions and other factors, with Citigroup Global Markets Inc., an affiliate of the issuer, acting as the underwriter.
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