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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 26 16:35
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 Callable Contingent Coupon Equity Linked Securities. These securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the SPDR S&P Regional Banking ETF, and are due on July 8, 2026. The offering, detailed in a preliminary pricing supplement filed with the SEC, is not yet finalized and is subject to completion. The securities are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and are guaranteed by Citigroup Inc. They offer potential for periodic contingent coupon payments, which, if paid, would yield higher than Citigroup's conventional debt securities of the same maturity. However...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 Callable Contingent Coupon Equity Linked Securities. These securities are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the SPDR S&P Regional Banking ETF, and are due on July 8, 2026. The offering, detailed in a preliminary pricing supplement filed with the SEC, is not yet finalized and is subject to completion. The securities are unsecured debt obligations of Citigroup Global Markets Holdings Inc. and are guaranteed by Citigroup Inc. They offer potential for periodic contingent coupon payments, which, if paid, would yield higher than Citigroup's conventional debt securities of the same maturity. However, investors must accept the risk of potentially receiving lower yields or losing their principal amount based on the performance of the worst-performing underlying index. The securities are callable by Citigroup, meaning they can be redeemed before the maturity date. The pricing date is set for August 2, 2024, with an issue date of August 7, 2024. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The underwriter for the offering is Citigroup Global Markets Inc., which may pay selected dealers a structuring fee for each security sold.

This announcement is a separate document:

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