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Citigroup | 424B2: Prospectus

SEC announcement ·  Apr 26 15:40
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of medium-term senior notes, Series N, which are unsecured debt securities linked to the Russell 2000 Index and due on April 27, 2029. These autocallable barrier securities, detailed in the Pricing Supplement No. 2024-USNCH21552 filed on April 25, 2024, do not pay interest and do not guarantee principal repayment at maturity. The securities offer potential for automatic early redemption at a premium if the underlying index's closing value is greater than or equal to its initial value on any valuation date before maturity. If not redeemed early, the securities' payout at maturity will vary depending on the final value of the Russell 2000 Index, with the possibility of losing principal...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of medium-term senior notes, Series N, which are unsecured debt securities linked to the Russell 2000 Index and due on April 27, 2029. These autocallable barrier securities, detailed in the Pricing Supplement No. 2024-USNCH21552 filed on April 25, 2024, do not pay interest and do not guarantee principal repayment at maturity. The securities offer potential for automatic early redemption at a premium if the underlying index's closing value is greater than or equal to its initial value on any valuation date before maturity. If not redeemed early, the securities' payout at maturity will vary depending on the final value of the Russell 2000 Index, with the possibility of losing principal if the index falls below a certain barrier value. The securities are guaranteed by Citigroup Inc. and were priced at $1,000 per security with a total issue size of $750,000. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering includes a potential underwriting fee of up to $23.50 per security, with the proceeds to the issuer, after the underwriting fee, being $976.50 per security. The estimated value of the securities at the time of pricing was $965.80 per security, which is less than the issue price. Investors are warned of the risks associated with the securities, including the potential loss of a significant portion or all of their investment, the lack of interest payments, and the credit risk of the issuer and guarantor.

This announcement is a separate document:

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