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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., 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, with a pricing date set for May 28, 2024, and a valuation date on May 29, 2029, will mature on June 1, 2029. The offering includes a participation rate between 150.00% to 155.00%, with the actual rate to be determined on the pricing date. The securities are designed to provide returns based on the performance of the underlying index, with different payout scenarios depending on the final underlying value at maturity. Investors are warned that they may lose a significant portion or all of their investment if the final underlying value is less than the final barrier...Show More
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, with a pricing date set for May 28, 2024, and a valuation date on May 29, 2029, will mature on June 1, 2029. The offering includes a participation rate between 150.00% to 155.00%, with the actual rate to be determined on the pricing date. The securities are designed to provide returns based on the performance of the underlying index, with different payout scenarios depending on the final underlying value at maturity. Investors are warned that they may lose a significant portion or all of their investment if the final underlying value is less than 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 sell them before maturity. The offering summary highlights several risks, including the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the potential underperformance of the underlying index compared to the S&P 500 Index due to implicit financing costs. The preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement, and prospectus provide more detailed information and are available through the SEC's EDGAR system or upon request.

This announcement is a separate document:

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