Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. announces the offering of Autocallable Contingent Coupon Equity Linked Securities due December 23, 2027, linked to the worst-performing stock among Alphabet, Apple, and Microsoft. The securities offer potential periodic contingent coupon payments at an annualized rate of approximately 9.35%, subject to the performance of the underlying stocks.The securities may be automatically called for redemption as early as June 18, 2025, if the closing value of the worst-performing stock on any potential autocall date is at or above its initial value. If not called early, at maturity, investors risk losing a significant portion or all of their investment if the final value of the worst-performing stock is below its final barrier value (70% of initial value).CGMI will act as the underwriter, receiving a fee of up to $27.50 per $1,000 security. The estimated value of each security on the pricing date is $949.90, less than the issue price, reflecting costs and expected hedging profits. Investors should carefully consider the risks, including potential loss of principal, before investing.