Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. is offering Autocallable Contingent Coupon Equity Linked Securities due December 21, 2026, linked to the worst-performing stock among Bank of America, Goldman Sachs, and Morgan Stanley. The securities offer potential periodic contingent coupon payments at a 10% annualized rate, subject to the performance of the underlying stocks.The securities may be automatically called for early redemption if the worst-performing stock closes at or above its initial value on specified dates. At maturity, investors face potential loss of principal if the worst-performing stock closes below 60% of its initial value. The offering highlights include a $1,000 principal amount per security and contingent coupon payments of 2.50% per quarter if conditions are met.Investors should note the securities involve significant risks, including potential loss of principal, limited liquidity, and credit risk of Citigroup. The estimated value of the securities on the pricing date is expected to be at least $925.50 per security, less than the issue price. CGMI will receive an underwriting fee of $12.00 per security sold.
