Summary by Moomoo AI
Citigroup Inc. has announced the preliminary terms of a new securities offering by its subsidiary, Citigroup Global Markets Holdings Inc., with Citigroup Inc. acting as the guarantor. The offering involves 5-year Autocallable Nasdaq Generations 5 Index Securities, which are set to have multiple valuation dates starting from August 27, 2025, through to the final valuation date on August 27, 2029. The securities will be automatically redeemed if the index level is equal to or greater than the initial index level on any valuation date, with investors receiving $1,000 plus an applicable premium ranging from 8.00% to 9.00% per annum. The securities are designed to provide a return based on the performance of a hypothetical investment portfolio tracked by the Nasdaq Generations 5 Index, which includes equity and fixed income...Show More