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 unsecured debt securities linked to the S&P 500 Index and due on September 5, 2029. These Buffered Autocallable Securities do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer potential automatic early redemption at a premium if the S&P 500 Index meets certain valuation criteria on specified dates. The securities are subject to credit risk and investors must be willing to accept the potential loss of principal if the index depreciates beyond a certain buffer percentage. The pricing date is set for August 30, 2024, with an issue date of September 5, 2024. The securities are guaranteed by...Show More