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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 26 16:44
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, under the pricing supplement dated July 24, 2024. These unsecured debt securities, known as Autocallable Market-Linked Securities, are linked to the Citi Dynamic Asset Selector 5 Excess Return Index and are due on July 27, 2029. The securities do not pay interest but offer potential for automatic early redemption at a premium if the Index exceeds the initial level on any valuation date before the final valuation date. If not redeemed early, the securities may provide a positive return at maturity based on the Index's performance. The securities are designed for investors willing to forgo interest and accept the risk of no...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, under the pricing supplement dated July 24, 2024. These unsecured debt securities, known as Autocallable Market-Linked Securities, are linked to the Citi Dynamic Asset Selector 5 Excess Return Index and are due on July 27, 2029. The securities do not pay interest but offer potential for automatic early redemption at a premium if the Index exceeds the initial level on any valuation date before the final valuation date. If not redeemed early, the securities may provide a positive return at maturity based on the Index's performance. The securities are designed for investors willing to forgo interest and accept the risk of no return in exchange for potential early redemption at a premium or a positive return at maturity. The securities are guaranteed by Citigroup Inc. and have an aggregate principal amount of $5,800,000, with a stated principal amount of $1,000 per security. The issue date is set for July 29, 2024, with valuation dates scheduled from July 24, 2025, to July 24, 2029. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of the issuer and guarantor. The estimated value of the securities on the pricing date is $948.10 per security, which is less than the issue price, reflecting underwriting fees, hedging costs, and expected profit.
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