Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 5 Year Dual Directional Barrier Securities linked to the S&P 500 Futures Excess Return Index (SPXFP). The securities are set to price on May 31, 2024, with a valuation date of May 31, 2029, and maturity on June 5, 2029. The securities offer an upside return amount between 170.00% to 195.00% and an absolute return amount of 60.00% of the initial underlying value. The final payout to investors will be contingent on the final underlying value of the index, with the potential for significant losses if the final value is below the final barrier value. The securities do not pay interest and will not be listed on any securities exchange, which may limit investors' ability to...Show More