Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has announced the offering of 2 Year Autocallable Contingent Coupon Securities linked to the performance of the S&P 500 Dynamic Participation Index (SPXDPU1) and the Utilities Select Sector SPDR Fund (XLU). The securities have a pricing date set for May 17, 2024, with quarterly valuation dates leading up to a maturity date of May 21, 2026. The contingent coupon rate is a minimum of 6.35% per annum, paid quarterly, but only if the closing value of the worst-performing underlying is above its coupon barrier value on the respective valuation date. The coupon barrier and final buffer values are set at 75% and 80% of each underlying's initial value, respectively. The securities feature an automatic early redemption clause, which...Show More