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Citigroup | 424B2: Prospectus

SEC announcement ·  Jul 26 16:49
Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of unsecured debt securities, known as Medium-Term Senior Notes, Series N, which are due on July 29, 2027. These Callable Contingent Coupon Equity Linked Securities are linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, with the final payout contingent on the worst-performing index. The securities offer potential for periodic contingent coupon payments at a rate higher than Citigroup's conventional debt securities of the same maturity, but with the trade-off of higher risk, including the possibility of receiving no coupon payments and a significant loss of principal. The securities were priced on July 24, 2024, and...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of unsecured debt securities, known as Medium-Term Senior Notes, Series N, which are due on July 29, 2027. These Callable Contingent Coupon Equity Linked Securities are linked to the performance of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index, and the S&P 500 Index, with the final payout contingent on the worst-performing index. The securities offer potential for periodic contingent coupon payments at a rate higher than Citigroup's conventional debt securities of the same maturity, but with the trade-off of higher risk, including the possibility of receiving no coupon payments and a significant loss of principal. The securities were priced on July 24, 2024, and issued on July 29, 2024, with a stated principal amount of $1,000 per security. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities. The securities will not be listed on any securities exchange, and investors must be willing to accept the risks of limited liquidity and potential loss of payments in case of default by Citigroup Global Markets Holdings Inc. and Citigroup Inc.
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