Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., has issued $23,955,650 in Trigger Callable Contingent Yield Notes linked to the performance of the S&P 500 Index, the Nasdaq-100 Index, and the Russell 2000 Index. The notes, which have a term of approximately 3.5 years and are due on March 9, 2028, will pay a contingent coupon on each quarterly coupon payment date if the closing levels of all the underlyings on each trading day during the applicable quarterly observation period are greater than or equal to their respective coupon barriers. The notes are callable by the issuer at its discretion and offer a 10.50% per annum contingent coupon rate. The notes are unsecured and unsubordinated debt obligations, and their payment is subject to the creditworthiness of the issuer and guarantor. The offering, which is riskier than conventional debt instruments, is not guaranteed to repay the principal amount at maturity, and investors may lose some or all of their initial investment. The notes are not bank deposits and are not insured by any governmental agency.