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Citigroup | 424B2: Prospectus

SEC ·  Sep 3 11:46
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, which are unsecured debt securities linked to the performance of the Dow Jones Industrial Average, the Nasdaq-100 Index, and the S&P 500 Index. These autocallable securities, due on September 16, 2027, do not pay interest and do not guarantee principal repayment at maturity unless certain conditions are met. The securities offer potential for automatic early redemption at a premium if the worst performing underlying exceeds its initial value on specified valuation dates. If not redeemed early and the worst performing underlying's final value is less than its barrier value at maturity, investors will lose a proportionate amount of their principal...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the performance of the Dow Jones Industrial Average, the Nasdaq-100 Index, and the S&P 500 Index. These autocallable securities, due on September 16, 2027, do not pay interest and do not guarantee principal repayment at maturity unless certain conditions are met. The securities offer potential for automatic early redemption at a premium if the worst performing underlying exceeds its initial value on specified valuation dates. If not redeemed early and the worst performing underlying's final value is less than its barrier value at maturity, investors will lose a proportionate amount of their principal. The securities are subject to the credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The offering, detailed in a preliminary pricing supplement dated September 3, 2024, is not yet finalized and is subject to completion. The securities will not be listed on any securities exchange, and all payments are fully and unconditionally guaranteed by Citigroup Inc. The issue and pricing date are set for September 13 and September 18, 2024, respectively.
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