Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. has announced the issuance of 13-Month Upturn Securities linked to the Dow Jones Industrial Average (INDU), guaranteed by Citigroup Inc. The securities, with a stated principal amount of $1,000, offer a 300% upside participation rate and a maximum return at maturity of 12.20%.The securities are scheduled to be priced on January 3, 2025, issued on January 8, 2025, and mature on February 6, 2026. The payment at maturity will be based on the underlying's performance, with potential for loss if the underlying depreciates. Investors should note that there is no minimum payment at maturity, and they may lose up to their entire investment.Key risks include potential loss of investment, limited returns, lack of interest payments, and credit risk of Citigroup Global Markets Holdings Inc. and Citigroup Inc. The securities will not be listed on any exchange, potentially limiting liquidity. Investors are advised to carefully review the full pricing supplement and related documents for complete risk information.