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Citigroup | 424B2: Prospectus

SEC ·  Sep 3 10:46
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, linked to the S&P 500 Index, with a maturity date of October 6, 2025. These unsecured debt securities do not pay interest and offer a variable payment at maturity based on the performance of the S&P 500 Index. The securities provide modified exposure to the index, with potential appreciation capped at a maximum return determined on the pricing date, and contingent repayment of the principal if the index does not fall below a specified barrier value. The securities are designed for investors willing to forgo dividends and accept full downside risk if the index falls below the barrier value. The offering...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, linked to the S&P 500 Index, with a maturity date of October 6, 2025. These unsecured debt securities do not pay interest and offer a variable payment at maturity based on the performance of the S&P 500 Index. The securities provide modified exposure to the index, with potential appreciation capped at a maximum return determined on the pricing date, and contingent repayment of the principal if the index does not fall below a specified barrier value. The securities are designed for investors willing to forgo dividends and accept full downside risk if the index falls below the barrier value. The offering is subject to a registration statement filed with the SEC and is not yet permitted for sale in any state. The pricing date is set for September 30, 2024, with an issue date of October 3, 2024. Citigroup Inc. fully and unconditionally guarantees all payments due on the securities. The securities will not be listed on any securities exchange, and CGMI, an affiliate of the issuer, will act as the underwriter. The estimated value of the securities is based on CGMI's proprietary pricing models and internal funding rate, and may differ from the market value.
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