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Citigroup | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC announcement ·  Apr 26 16:15
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk securities due on May 8, 2025. These securities are based on the performance of General Motors Company's common stock and are set to be priced on May 3, 2024, with an issue date of May 8, 2024. The securities offer a contingent coupon payment, which is conditional upon the closing price of the underlying shares being above a specified threshold on the valuation dates. The securities may be automatically redeemed early if the share price meets certain conditions, with the first valuation date set for August 5, 2024. The securities are designed to pay a quarterly contingent coupon of 2.9375% of the principal...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk securities due on May 8, 2025. These securities are based on the performance of General Motors Company's common stock and are set to be priced on May 3, 2024, with an issue date of May 8, 2024. The securities offer a contingent coupon payment, which is conditional upon the closing price of the underlying shares being above a specified threshold on the valuation dates. The securities may be automatically redeemed early if the share price meets certain conditions, with the first valuation date set for August 5, 2024. The securities are designed to pay a quarterly contingent coupon of 2.9375% of the principal amount if the closing price of the underlying shares is above the downside threshold price on the relevant valuation dates. However, if the final share price is below the downside threshold price, investors may receive significantly less than the principal amount at maturity. Citigroup has indicated that the estimated value of the securities at the time of pricing will be at least $928.00 per security, which is less than the public offering price. The offering is subject to Citigroup's credit risk and is not listed on any securities exchange, which may impact the ability to sell the securities before maturity. The preliminary pricing supplement, along with other relevant documents, has been filed with the SEC and is available for investors to review.

This announcement is a separate document:

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