Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. has announced the offering of Autocallable Contingent Coupon Equity Linked Securities due December 23, 2027. The securities are linked to the performance of the Russell 2000® Index and the SPDR® S&P® Regional Banking ETF, with a potential 9.50% per annum coupon rate.The securities offer the possibility of periodic contingent coupon payments and early redemption, but investors face risks of receiving no coupon payments and losing a significant portion of their investment. The payment at maturity depends on the performance of the worst-performing underlying, with full downside exposure if it falls below the final barrier value.CGMI, acting as underwriter, will receive a fee of up to $35.00 per security. The estimated value of each security on the pricing date is $922.90, less than the issue price, based on CGMI's proprietary pricing models and internal funding rate. The securities will not be listed on any exchange, potentially limiting liquidity for investors.