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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 3 16:00
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 Callable Contingent Coupon Equity Linked Securities. These securities are linked to the performance of the Energy Select Sector SPDR Fund, the Russell 2000 Index, and the S&P 500 Index, and are due on July 20, 2026. The offering, detailed in a preliminary pricing supplement filed with the SEC, is subject to completion and is not yet an offer to sell. The securities are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and are guaranteed by Citigroup Inc. They offer potential for periodic contingent coupon payments that could yield higher than Citigroup's conventional debt securities of the same maturity...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are Callable Contingent Coupon Equity Linked Securities. These securities are linked to the performance of the Energy Select Sector SPDR Fund, the Russell 2000 Index, and the S&P 500 Index, and are due on July 20, 2026. The offering, detailed in a preliminary pricing supplement filed with the SEC, is subject to completion and is not yet an offer to sell. The securities are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and are guaranteed by Citigroup Inc. They offer potential for periodic contingent coupon payments that could yield higher than Citigroup's conventional debt securities of the same maturity, but come with risks including the possibility of receiving no contingent coupon payments and receiving less than the principal amount at maturity. The securities are callable by Citigroup, meaning they can be redeemed before the maturity date. The pricing date is set for July 15, 2024, with an issue date of July 18, 2024. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of the issuer and guarantor. The underwriter for the offering is Citigroup Global Markets Inc., and the securities are expected to have an annualized contingent coupon rate of at least 9.90%, determined on the pricing date.

This announcement is a separate document:

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