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Citigroup | FWP: Filing under Securities Act Rules 163/433 of free writing prospectuses

SEC ·  Nov 8 00:18

Summary by Moomoo AI

Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk and due in November 2027. These securities are based on the performance of NVIDIA Corporation's common stock and are set to be priced on November 15, 2024, with an issue date of November 20, 2024. The securities offer a contingent coupon of 3.30% per quarter, equating to 13.20% per annum, provided the closing price of NVIDIA's shares is above a specified downside threshold price. The securities are subject to automatic early redemption if the underlying shares' closing price is at or above the initial share price on any potential redemption date. The downside threshold price is set at 50% of...Show More
Citigroup Global Markets Holdings Inc., with Citigroup Inc. as the guarantor, has announced the issuance of Contingent Income Auto-Callable Securities, which are principal at risk and due in November 2027. These securities are based on the performance of NVIDIA Corporation's common stock and are set to be priced on November 15, 2024, with an issue date of November 20, 2024. The securities offer a contingent coupon of 3.30% per quarter, equating to 13.20% per annum, provided the closing price of NVIDIA's shares is above a specified downside threshold price. The securities are subject to automatic early redemption if the underlying shares' closing price is at or above the initial share price on any potential redemption date. The downside threshold price is set at 50% of the initial share price, and if the final share price is below this threshold, investors may receive significantly less than the stated principal amount at maturity. The estimated value of the securities at the time of pricing is expected to be at least $922.00 per security, which is below the public offering price. Citigroup has highlighted the risks associated with these securities, including the potential loss of a significant portion or all of the investment, and the lack of any contingent coupon payment if the underlying shares fall below the downside threshold price. The securities will not be listed on any securities exchange, and their value will fluctuate based on various factors. Investors are advised to read the accompanying preliminary pricing supplement, product supplement, prospectus supplement, and prospectus filed with the SEC before investing.

This announcement is a separate document:

Doc 1

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