Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new financial product called Dual Directional Market-Linked Notes, which are linked to the S&P 500 Index and due on October 29, 2025. These notes, part of the Medium-Term Senior Notes, Series N, do not pay interest like conventional debt securities but offer potential returns based on the performance of the S&P 500 Index. The notes are unsecured and guaranteed by Citigroup Inc. The potential return is contingent on a knock-out event not occurring; if such an event does happen, investors will receive the principal amount plus a knock-out return of 2%. The notes were priced on April 24, 2024, and issued on April 29, 2024, with a valuation date set...Show More