Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities, known as Medium-Term Senior Notes, Series N, which are linked to the performance of the Dow Jones Industrial Average, the Russell 2000 Index, and the S&P 500 Index. These Buffer Securities, which do not pay interest and offer variable repayment at maturity based on the worst performing index, are scheduled for pricing on September 25, 2024, with an issue date of September 30, 2024, and a maturity date of September 28, 2028. The securities provide modified exposure to the worst performing underlying index with a 10% buffer against depreciation and a 157% upside participation rate. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter and will receive an underwriting fee for each security sold. The offering is subject to a registration statement filed with the SEC and is not yet permitted for sale in any state.