Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the preliminary terms for its 2.75-year Market-Linked Securities tied to the Dow Jones Industrial Average (INDU). The securities, with a pricing date set for September 25, 2024, and a valuation date on June 25, 2027, will mature on June 30, 2027. These securities offer a 100% upside participation rate and a maximum return at maturity of 15.50%. The return amount is contingent on the performance of the INDU, with investors receiving either the stated principal amount of $1,000 per security plus any positive return or just the principal amount if the INDU's final value is less than or equal to its initial value. The securities do not pay interest and are subject to the...Show More