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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 5 17:32
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has issued a new financial instrument called Capped Airbag GEARS, linked to the S&P 500 Index, with a total value of $25,527,300. The securities are due on July 8, 2026, and are designed to provide investors with a return at maturity linked to the performance of the S&P 500 from the initial to the final underlying level. The securities offer enhanced growth potential subject to a maximum gain of 24.50% and have a downside threshold set at 90% of the initial underlying level. If the underlying return is positive, investors will receive a return equal to the underlying return multiplied by an upside gearing of 2.00, up to the maximum gain. If the underlying return is zero...Show More
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has issued a new financial instrument called Capped Airbag GEARS, linked to the S&P 500 Index, with a total value of $25,527,300. The securities are due on July 8, 2026, and are designed to provide investors with a return at maturity linked to the performance of the S&P 500 from the initial to the final underlying level. The securities offer enhanced growth potential subject to a maximum gain of 24.50% and have a downside threshold set at 90% of the initial underlying level. If the underlying return is positive, investors will receive a return equal to the underlying return multiplied by an upside gearing of 2.00, up to the maximum gain. If the underlying return is zero or negative but above the downside threshold, the principal amount will be repaid at maturity. However, if the underlying return is negative and below the downside threshold, investors will be exposed to the downside performance of the S&P 500 and could lose a substantial portion or all of their initial investment. The securities do not pay interest and do not provide dividends or other distributions from stocks included in the index. The trade date for the securities was July 2, 2024, with a settlement date of July 8, 2024. The final valuation date is set for July 2, 2026. Citigroup has emphasized the significant risks involved with this investment, including the potential loss of the principal amount and the credit risk of the issuer and guarantor. The securities will not be listed on any securities exchange, which may limit their liquidity.

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