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Citigroup | 424B2: Prospectus

SEC announcement ·  May 10 17:29
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, linked to the S&P 500 Futures Excess Return Index, with a maturity date of May 20, 2027. These unsecured debt securities, which do not pay interest, offer potential returns based on the performance of the underlying index from the initial to the final underlying value. The securities are designed to track futures contracts on the S&P 500 Index and are expected to underperform the total return performance of the S&P 500 Index due to an implicit financing cost. Investors will not receive any return if the underlying does not appreciate, and there is no guarantee that the total return at maturity...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the S&P 500 Futures Excess Return Index, with a maturity date of May 20, 2027. These unsecured debt securities, which do not pay interest, offer potential returns based on the performance of the underlying index from the initial to the final underlying value. The securities are designed to track futures contracts on the S&P 500 Index and are expected to underperform the total return performance of the S&P 500 Index due to an implicit financing cost. Investors will not receive any return if the underlying does not appreciate, and there is no guarantee that the total return at maturity will compensate for inflation or match the yield of a conventional debt security. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The pricing date is set for May 15, 2024, with an issue date of May 20, 2024. The upside participation rate is at least 127.80%, to be determined on the pricing date. The securities will not be listed on any securities exchange, and CGMI, an affiliate of the issuer, will act as the underwriter. The estimated value of the securities is based on CGMI's proprietary pricing models and internal funding rate. The offering includes a preliminary pricing supplement, product supplement, underlying supplement, prospectus supplement, and prospectus, which are subject to completion and dated May 10, 2024.

This announcement is a separate document:

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