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