Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a wholly owned subsidiary of Citigroup Inc., has announced the issuance of Autocallable Contingent Coupon Equity Linked Securities linked to the S&P 500 Index, with a pricing date of April 24, 2024, and a maturity date of July 29, 2025. These unsecured debt securities offer potential for periodic contingent coupon payments at an annualized rate of approximately 7.15%, which is higher than the yield on conventional debt securities of the same maturity. The securities are subject to market performance and carry risks including the possibility of receiving less than the principal amount at maturity, no contingent coupon payments, and early redemption. The securities are guaranteed by Citigroup Inc. and are not bank deposits, nor are they insured or guaranteed by...Show More