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Citigroup | 424B2: Prospectus

SEC announcement ·  May 10 11:54
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued $24,586,000 in S&P 500 Index-Linked Notes due on August 7, 2025. These notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are linked to the performance of the S&P 500 Index from May 8, 2024, to August 5, 2025. The return on the notes is capped at a maximum settlement amount of $1,165.90 per $1,000 principal amount, with the potential for investors to lose their entire investment if the Index declines. The notes are unsecured senior debt securities, with all payments fully and unconditionally guaranteed by Citigroup Inc. The notes are not bank deposits, are not insured by any governmental agency, and will not be listed on any securities...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued $24,586,000 in S&P 500 Index-Linked Notes due on August 7, 2025. These notes, which do not pay interest and do not guarantee a fixed principal repayment at maturity, are linked to the performance of the S&P 500 Index from May 8, 2024, to August 5, 2025. The return on the notes is capped at a maximum settlement amount of $1,165.90 per $1,000 principal amount, with the potential for investors to lose their entire investment if the Index declines. The notes are unsecured senior debt securities, with all payments fully and unconditionally guaranteed by Citigroup Inc. The notes are not bank deposits, are not insured by any governmental agency, and will not be listed on any securities exchange, indicating limited liquidity and higher risk. The issue price per note is $1,000, with an estimated value at issuance of $987.20 per note, reflecting the internal funding rate and proprietary pricing models used by Citigroup Global Markets Inc. The notes were priced on May 8, 2024, with a settlement date of May 15, 2024. Investors are advised to consider the risks detailed in the 'Summary Risk Factors' section before investing.
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