Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of a new financial instrument, the Medium-Term Senior Notes, Series N, linked to the performance of the Nasdaq-100 Index. These unsecured debt securities, which do not pay interest and offer variable repayment at maturity based on the index's performance, are scheduled for pricing on September 30, 2024, with an issue date of October 3, 2024, and a maturity date of October 6, 2025. The securities provide modified exposure to the index, with potential for appreciation capped at a minimum of 12.00% of the stated principal amount, and contingent repayment of principal if the index does not fall below a certain barrier value. However, if the index value falls below the barrier...Show More