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Citigroup | 424B2: Prospectus

SEC announcement ·  May 10 17:05
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued 12,392 Contingent Income Callable Securities due on May 13, 2026, with an aggregate stated principal amount of $12,392,000. These unsecured debt securities are linked to the performance of the EURO STOXX 50 Index, the Russell 2000 Index, and the S&P 500 Index, and are designed to offer potential quarterly contingent coupon payments at an annualized rate of 9.15%. The securities, however, carry risks including the possibility of receiving no coupon payments and a negative yield if the worst performing index falls below certain levels. The securities were priced on May 8, 2024, and issued on May 13, 2024. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities, which are subject to the credit risk of both...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued 12,392 Contingent Income Callable Securities due on May 13, 2026, with an aggregate stated principal amount of $12,392,000. These unsecured debt securities are linked to the performance of the EURO STOXX 50 Index, the Russell 2000 Index, and the S&P 500 Index, and are designed to offer potential quarterly contingent coupon payments at an annualized rate of 9.15%. The securities, however, carry risks including the possibility of receiving no coupon payments and a negative yield if the worst performing index falls below certain levels. The securities were priced on May 8, 2024, and issued on May 13, 2024. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities, which are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The securities will not be listed on any securities exchange, indicating limited liquidity and marketability. Investors must be willing to accept the risks of limited liquidity and the potential loss of principal. The securities may be called for mandatory redemption prior to the maturity date, and all payments are contingent upon the performance of the worst performing index among the three indices.

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