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 guaranteed by Citigroup Inc. These securities are linked to the performance of Abercrombie & Fitch Co. and are due on September 17, 2027. The securities offer higher periodic coupon payments compared to conventional debt securities of the same maturity, with rates between 11.25% to 12.25% per annum, determined on the pricing date. However, they carry risks including potential automatic redemption prior to maturity, credit risk, and the possibility of receiving significantly less than the principal amount, or even zero, at maturity depending on the performance of Abercrombie & Fitch Co. The securities are not bank deposits and are not insured...Show More