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Citigroup | 424B2: Prospectus

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 Medium-Term Senior Notes, Series N, which are autocallable contingent coupon equity-linked securities. These securities are linked to the performance of the worst-performing among Meta Platforms, Inc., Microsoft Corporation, and U.S. Bancorp, with a maturity date of May 5, 2027. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of not receiving some or all coupon payments, receiving less than the principal amount at maturity, or early redemption. The securities are unsecured and subject to the credit risk of both Citigroup Global...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are autocallable contingent coupon equity-linked securities. These securities are linked to the performance of the worst-performing among Meta Platforms, Inc., Microsoft Corporation, and U.S. Bancorp, with a maturity date of May 5, 2027. The securities offer potential for periodic contingent coupon payments at an annualized rate that could yield higher than conventional debt securities of the same maturity. However, investors must accept the risks of not receiving some or all coupon payments, receiving less than the principal amount at maturity, or early redemption. The securities are unsecured and subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The pricing date is set for April 30, 2024, with an issue date of May 3, 2024. The securities will not be listed on any securities exchange, and all payments are fully and unconditionally guaranteed by Citigroup Inc. The underwriting fee per security is $27.50 with proceeds to the issuer of $972.50 per security. The estimated value of the securities is based on proprietary pricing models and internal funding rates, and they are not insured by any governmental agency.

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