Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of Medium-Term Senior Notes, Series N, which are unsecured debt securities guaranteed by Citigroup Inc. These securities, linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, are designed to offer potential for periodic contingent coupon payments that could yield higher returns than conventional debt securities of the same maturity. However, these payments are contingent upon the performance of the worst-performing index among the three and carry the risk of receiving no payments if the underlying index performs poorly. The securities have a stated principal amount of $1,000 each, with an issue date of July 8, 2024, and...Show More