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Citigroup | 424B8: Prospectus

SEC ·  Nov 7 19:09

Summary by Moomoo AI

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of unsecured senior debt securities, known as Medium-Term Senior Notes, Series N. These securities, referred to as Autocallable Phoenix Securities, are based on the SPDR S&P Biotech ETF and are due on November 7, 2025. The securities are designed to offer potential for contingent coupon payments at an annualized rate that could yield higher than Citigroup's conventional debt securities of the same maturity. However, they carry risks including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are linked to the performance of the SPDR S&P Biotech ETF...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has issued a new series of unsecured senior debt securities, known as Medium-Term Senior Notes, Series N. These securities, referred to as Autocallable Phoenix Securities, are based on the SPDR S&P Biotech ETF and are due on November 7, 2025. The securities are designed to offer potential for contingent coupon payments at an annualized rate that could yield higher than Citigroup's conventional debt securities of the same maturity. However, they carry risks including the possibility of receiving no contingent coupon payments, receiving less than the principal amount at maturity, or automatic redemption prior to maturity. The securities are linked to the performance of the SPDR S&P Biotech ETF, and investors will not benefit from any appreciation of the ETF or receive dividends from it. The total aggregate principal amount of the securities is $11,000,000, with each security having a stated principal amount of $1,000. The securities were priced on November 4, 2024, and issued on November 7, 2024, with Citigroup Inc. fully and unconditionally guaranteeing all payments. The securities are not listed on any securities exchange, and Citigroup Global Markets Inc., an affiliate of the issuer, is the underwriter. Investors are warned of the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the potential illiquidity of the investment.

This announcement is a separate document:

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