Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of autocallable securities linked to the performance of the Russell 2000 Index and the S&P 500 Index, with a maturity date of July 27, 2028. These unsecured debt securities, part of the Medium-Term Senior Notes, Series N, do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer potential automatic early redemption at a premium if the worst performing underlying index on any valuation date, excluding the final one, meets or exceeds its initial value. The securities are subject to credit risk and are not bank deposits, nor are they insured by any governmental agency. The offering, priced on July 24, 2024, and issued on...Show More