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Citigroup | 424B2: Prospectus

SEC announcement ·  Apr 26 22:32
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of unsecured debt securities, known as Medium-Term Senior Notes, Series N. These notes, linked to the S&P 500 Index, do not pay interest but offer the potential for a positive return at maturity based on the index's performance. The notes are subject to a knock-out event, which, if triggered, provides repayment of the principal amount plus a knock-out return. The notes were priced on April 24, 2024, with an issue date of April 29, 2024, and are set to mature on October 29, 2025. The notes are guaranteed by Citigroup Inc. and have a stated principal amount of $1,000 per note. The notes will not be listed on...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of unsecured debt securities, known as Medium-Term Senior Notes, Series N. These notes, linked to the S&P 500 Index, do not pay interest but offer the potential for a positive return at maturity based on the index's performance. The notes are subject to a knock-out event, which, if triggered, provides repayment of the principal amount plus a knock-out return. The notes were priced on April 24, 2024, with an issue date of April 29, 2024, and are set to mature on October 29, 2025. The notes are guaranteed by Citigroup Inc. and have a stated principal amount of $1,000 per note. The notes will not be listed on any securities exchange, and their liquidity may be limited. Investors are exposed to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The estimated value of the notes at the time of pricing was $967.80 per note, which is less than the issue price of $1,000.00. The underwriting fee per note is $27.50, with total proceeds to the issuer, after the underwriting fee, being $914,887.50. The notes are considered suitable only for investors who understand the complexities and risks involved.

This announcement is a separate document:

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