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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 26 15:44
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 Index, with a maturity date of August 5, 2026. These unsecured debt securities do not pay interest and offer a variable payment at maturity based on the performance of the S&P 500 from the initial to the final underlying value. The securities provide modified exposure to the index's performance, with potential for appreciation and positive return if the index depreciates, subject to certain conditions. However, if the index's final value is below the specified barrier, investors could lose a significant portion or all of their investment. The securities are priced at $1,000 each, with an...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 Index, with a maturity date of August 5, 2026. These unsecured debt securities do not pay interest and offer a variable payment at maturity based on the performance of the S&P 500 from the initial to the final underlying value. The securities provide modified exposure to the index's performance, with potential for appreciation and positive return if the index depreciates, subject to certain conditions. However, if the index's final value is below the specified barrier, investors could lose a significant portion or all of their investment. The securities are priced at $1,000 each, with an underwriting fee of $22.50 per security. Citigroup Global Markets Inc., an affiliate of the issuer, is the underwriter. The offering is subject to completion, with a pricing date set for July 31, 2024, and an issue date of August 5, 2024. The securities will not be listed on any securities exchange, and their estimated value is based on proprietary pricing models. Investors are warned of the risks involved, including the potential loss of principal, credit risk of the issuer and guarantor, and lack of liquidity. The SEC has not approved or disapproved of the securities, nor have they assessed the truthfulness or completeness of the pricing supplement and accompanying documents.

This announcement is a separate document:

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