Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., a subsidiary of Citigroup Inc., has announced the issuance of Callable Dual Directional Barrier Securities Linked to the S&P 500 Futures Excess Return Index, with a maturity date of November 19, 2029. These unsecured debt securities do not pay interest and do not guarantee a fixed principal repayment at maturity. Instead, they offer the potential for returns based on the performance of the S&P 500 Futures Excess Return Index, subject to certain conditions. The securities can be redeemed by Citigroup at a premium on specified dates, and if not redeemed, the payout at maturity will depend on the index's performance. The securities are expected to underperform the total return of the S&P 500 Index due to...Show More