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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 5 12:27
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 debt securities linked to the S&P 500 Index and due on August 4, 2026. These securities do not pay interest and offer a payment at maturity that varies based on the performance of the S&P 500 Index from the initial to the final underlying value. The securities provide modified exposure to the index, with a limited opportunity for appreciation and a buffer against depreciation, but investors will forgo any dividends from the underlying index. The securities are priced at $1,000 each, with an underwriting fee of $5.00 per security, and are not listed on any securities exchange. The offering is...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 unsecured debt securities linked to the S&P 500 Index and due on August 4, 2026. These securities do not pay interest and offer a payment at maturity that varies based on the performance of the S&P 500 Index from the initial to the final underlying value. The securities provide modified exposure to the index, with a limited opportunity for appreciation and a buffer against depreciation, but investors will forgo any dividends from the underlying index. The securities are priced at $1,000 each, with an underwriting fee of $5.00 per security, and are not listed on any securities exchange. The offering is subject to a registration statement filed with the SEC and is guaranteed by Citigroup Inc. The pricing date is set for July 30, 2024, with an issue date of August 2, 2024. The valuation date is July 30, 2026, with maturity on August 4, 2026. The securities are considered suitable only for investors who understand the risks, including the potential loss of principal if the index depreciates beyond the buffer percentage. Citigroup Inc. will release quarterly earnings on July 12, 2024, during the marketing period for the securities.
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