Summary by Moomoo AI
Citigroup Global Markets Holdings Inc. has issued callable contingent coupon equity-linked securities due December 31, 2026, linked to the worst-performing of the Nasdaq-100, Russell 2000, and S&P 500 indices. The securities offer potential periodic contingent coupon payments at an annualized rate of approximately 8.50%, subject to the performance of the worst-performing underlying index.The securities carry significant risks, including potential loss of principal. Investors may receive no coupon payments if any underlying index falls below its coupon barrier. At maturity, if not previously redeemed, investors face full downside exposure to the worst-performing index if it closes below its final barrier value. Citigroup retains the right to redeem the securities on specified dates.The estimated value of the securities on the pricing date is $981.40 per $1,000 principal amount, less than the issue price. This reflects costs associated with selling, structuring, and hedging the securities. The securities will not be listed on any exchange, potentially limiting liquidity for investors.
