Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. is offering Autocallable Contingent Coupon Equity Linked Securities tied to Tesla, Inc., due December 16, 2027. The securities offer potential periodic contingent coupon payments at a 14.10% annualized rate, subject to early redemption.Investors face risks including potential loss of principal, no guaranteed coupons, and possible early redemption limiting returns. The securities' performance depends on Tesla's stock price on specific valuation dates. The estimated value of $929.90 per $1,000 security is less than the issue price, reflecting costs and expected profit for Citigroup.The tax treatment is uncertain, with potential withholding for non-U.S. investors. The securities are not listed on any exchange, and secondary market liquidity may be limited. Citigroup's affiliate CGMI is the underwriter, receiving a $40 fee per security.
