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Citigroup | 424B2: Prospectus

SEC ·  Nov 7 10:58

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 guaranteed by Citigroup Inc. These Contingent Income Auto-Callable Securities, due November 2027, are based on the performance of NVIDIA Corporation's common stock. The securities offer potential for quarterly contingent coupon payments at an annualized rate of 13.20%, which is higher than conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on NVIDIA's stock performance. The securities may also be automatically redeemed three months after the issue date, subject to certain conditions. The offering is expected to be priced on November 15, 2024, with an issue date...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 guaranteed by Citigroup Inc. These Contingent Income Auto-Callable Securities, due November 2027, are based on the performance of NVIDIA Corporation's common stock. The securities offer potential for quarterly contingent coupon payments at an annualized rate of 13.20%, which is higher than conventional debt securities of the same maturity. However, the actual yield could be lower or even negative, depending on NVIDIA's stock performance. The securities may also be automatically redeemed three months after the issue date, subject to certain conditions. The offering is expected to be priced on November 15, 2024, with an issue date of November 20, 2024, and a maturity date of November 18, 2027. The securities will not be listed on any securities exchange, and all payments are subject to the credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The preliminary pricing supplement, along with the accompanying product supplement, prospectus supplement, and prospectus, are not an offer to sell these securities in any state where the offer or sale is not permitted.

This announcement is a separate document:

Doc 1

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