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