Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. is offering Callable Contingent Coupon Equity Linked Securities due December 23, 2027. The securities are linked to the worst performing of the Consumer Discretionary Select Sector SPDR Fund, Russell 2000 Index, and VanEck Vectors Semiconductor ETF. They offer potential periodic contingent coupon payments at an annualized rate of approximately 12.70%.The securities carry significant risks, including potential loss of principal. Investors may receive no coupon payments if any underlying performs poorly. Citigroup can call the securities for early redemption. The tax treatment is uncertain, and non-U.S. investors may face 30% withholding on coupon payments.The estimated value of the securities on the pricing date will be less than the issue price. CGMI's proprietary pricing models and internal funding rate are used to determine the estimated value. The securities will not be listed on any exchange, potentially limiting liquidity for investors.
