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 9, 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 from the initial to the final underlying value. The securities provide modified exposure to the index, with a limited opportunity for appreciation and a buffer against depreciation, but investors will forgo dividends and bear the risk of loss beyond the buffer percentage. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange. The pricing date is set...Show More