Summary by Moomoo AI
Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering 5-Year Buffered Autocallable Securities linked to the S&P 500 Index. The securities have a stated principal amount of $1,000 per security and mature on February 5, 2030, unless automatically called earlier.The securities feature an automatic early redemption if the underlying index closes at or above the autocall barrier value (90% of initial value) on the valuation date prior to maturity. If called, investors receive principal plus a premium of at least 14.60%. At maturity, if not called earlier, payment depends on the S&P 500's performance, with full principal protection if the index is above 80% of its initial value, and 1:1 losses below this buffer.Investors should note key risks including potential loss of principal, no interest payments, and credit risk of Citigroup. The securities will not be listed on any exchange, limiting liquidity. The estimated value on the pricing date will be less than the issue price, reflecting Citigroup's costs and profits.
