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Citigroup | 424B2: Prospectus

SEC ·  Nov 7 22:48

Summary by Moomoo AI

Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities, known as Medium-Term Senior Notes, Series N, which are linked to the performance of the Russell 2000 Index and the S&P 500 Index. These market-linked securities, detailed in a preliminary pricing supplement dated November 7, 2024, do not pay interest but offer potential returns based on the worst performing index between the Russell 2000 and the S&P 500 from their initial to final values. The securities are set to mature on December 2, 2026, with the pricing date on November 27, 2024, and the issue date on December 3, 2024. The return at maturity will either be zero or a positive amount depending on the performance of the selected index...Show More
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the offering of unsecured debt securities, known as Medium-Term Senior Notes, Series N, which are linked to the performance of the Russell 2000 Index and the S&P 500 Index. These market-linked securities, detailed in a preliminary pricing supplement dated November 7, 2024, do not pay interest but offer potential returns based on the worst performing index between the Russell 2000 and the S&P 500 from their initial to final values. The securities are set to mature on December 2, 2026, with the pricing date on November 27, 2024, and the issue date on December 3, 2024. The return at maturity will either be zero or a positive amount depending on the performance of the selected index, with a maximum return at maturity capped at $167.50 per security. The securities are guaranteed by Citigroup Inc. and will not be listed on any securities exchange. Citigroup Global Markets Inc., an affiliate of the issuer, is acting as the underwriter and will receive an underwriting fee for each security sold. The offering is subject to risks including the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc., and the potential lack of liquidity for investors who may need to hold until maturity.

This announcement is a separate document:

Doc 1

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
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