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Citigroup | 424B2: Prospectus

SEC announcement ·  Apr 26 17:19
Summary by Moomoo AI
Citigroup Inc. has announced the issuance of Medium-Term Senior Notes, Series G, under a pricing supplement filed on April 25, 2024. These Callable Zero Coupon Notes are due on April 29, 2039, with Citigroup Inc. retaining the right to call the notes for mandatory redemption prior to maturity. The notes, which do not pay any interest, will be issued at a stated principal amount of $1,000 per note and will accrete in value at a yield of 9.25% per annum until maturity or redemption. The notes are unsecured senior debt obligations, subject to Citigroup Inc.'s credit risk. The issuer has the option to redeem the notes starting April 29, 2027, with the redemption amount being equal to the accreted value on the redemption date. The notes...Show More
Citigroup Inc. has announced the issuance of Medium-Term Senior Notes, Series G, under a pricing supplement filed on April 25, 2024. These Callable Zero Coupon Notes are due on April 29, 2039, with Citigroup Inc. retaining the right to call the notes for mandatory redemption prior to maturity. The notes, which do not pay any interest, will be issued at a stated principal amount of $1,000 per note and will accrete in value at a yield of 9.25% per annum until maturity or redemption. The notes are unsecured senior debt obligations, subject to Citigroup Inc.'s credit risk. The issuer has the option to redeem the notes starting April 29, 2027, with the redemption amount being equal to the accreted value on the redemption date. The notes will not be listed on any securities exchange, and Citigroup Global Markets Inc. (CGMI), an affiliate of the issuer, will act as the underwriter. The issue price per note is $1,000, with an underwriting fee of $15.00 per note, resulting in net proceeds to the issuer of $985.00 per note. The offering includes a total issue of $10,697,000.00, with total underwriting fees amounting to $160,455.00 and total proceeds to the issuer of $10,536,545.00. Investors are advised to consider the risks detailed in the pricing supplement, including the absence of interest payments, potential early redemption, credit risk of Citigroup Inc., and the lack of a secondary market which may impact the ability to sell the notes prior to maturity.

This announcement is a separate document:

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