Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued Medium-Term Senior Notes, Series N, which are unsecured debt securities linked to the performance of the Nasdaq-100 Technology Sector Index, the SPDR S&P Regional Banking ETF, and the VanEck Gold Miners ETF. These Callable Contingent Coupon Equity Linked Securities, with a higher potential yield than conventional debt securities, are subject to market risks and credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc. The securities, priced on September 4, 2024, and issued on September 9, 2024, will mature on August 7, 2026, unless redeemed earlier. Investors will receive periodic contingent coupon payments if the worst performing underlying is above its coupon barrier value on specified valuation dates. The securities are not listed on any securities exchange, and their estimated value at the time of pricing is $963.30 per security, which is less than the issue price of $1,000.00 per security. The underwriting fee for the securities is $6.50 per security, with total proceeds to the issuer of $465,951.50 after fees.