Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of a new financial instrument, the Autocallable Buffer Securities, which are linked to the performance of the Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. These unsecured debt securities, part of the Medium-Term Senior Notes, Series N, do not pay interest and do not guarantee principal repayment at maturity. Instead, they offer the potential for automatic early redemption at a premium if the worst performing underlying index meets certain conditions on valuation dates. The securities are set to be priced on August 2, 2024, with an issue date of August 7, 2024, and a maturity date of August 7, 2029, unless earlier redeemed. The securities are subject to market risks, including the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and will not be listed on any securities exchange. The offering is detailed in a preliminary pricing supplement filed with the SEC, and the securities are guaranteed by Citigroup Inc.