Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of market-linked securities tied to the S&P 500 Index, with a maturity date of May 12, 2026. These unsecured debt securities, unlike conventional debt instruments, do not pay interest but offer potential returns based on the performance of the S&P 500 from the initial value set on May 6, 2024, to the final value on the valuation date of May 7, 2026. The securities are designed to repay the principal amount if the index's performance is flat or negative, while gains are subject to a maximum return at maturity. The securities, which are not listed on any securities exchange, are fully and unconditionally guaranteed by Citigroup Inc. and were...Show More