share_log

Citigroup | 424B2: Prospectus

SEC ·  Sep 6 15:25
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 Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. These Callable Equity Linked Securities, due on September 12, 2025, offer higher periodic coupon payments compared to conventional debt securities of the same maturity, but carry the risk of loss at maturity depending on the performance of the worst-performing index. The securities may be called for redemption prior to maturity, and if not redeemed, investors may receive less than the principal amount, or nothing, excluding the final coupon payment. The offering is subject to a registration statement filed with...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 Nasdaq-100 Index, the Russell 2000 Index, and the S&P 500 Index. These Callable Equity Linked Securities, due on September 12, 2025, offer higher periodic coupon payments compared to conventional debt securities of the same maturity, but carry the risk of loss at maturity depending on the performance of the worst-performing index. The securities may be called for redemption prior to maturity, and if not redeemed, investors may receive less than the principal amount, or nothing, excluding the final coupon payment. The offering is subject to a registration statement filed with the SEC and is not yet an offer to sell. The securities are guaranteed by Citigroup Inc. and are not bank deposits, nor are they insured by any governmental agency. The issue date is set for September 12, 2024, with a pricing date of September 9, 2024. Citigroup Global Markets Inc., an affiliate of the issuer, will act as the underwriter and may receive an underwriting fee for each security sold.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more