Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured senior debt securities guaranteed by Citigroup Inc. These notes are linked to the Citi Dynamic Asset Selector 5 Excess Return Index and offer periodic coupon payments with the potential for additional returns based on the index's performance from the initial to the final index level. The notes are set to mature on June 1, 2029, with a pricing date of May 29, 2024, and an issue date of June 3, 2024. The notes will pay a coupon of $2.00 per note, equivalent to a rate of 0.40% per annum, and will not be listed on any securities exchange. The notes are subject to credit risk and are not bank deposits, nor are they insured or guaranteed by any federal agency. The offering is subject to completion, with a preliminary pricing supplement filed with the SEC. The notes involve investment risks not associated with conventional debt securities.