Citigroup has set terms for unsecured callable equity-linked securities due January 25, 2029, with cash Redemption of $1,000 per security if called. Investors face contingent coupon uncertainty, possible early redemption and risks distinct from conventional debt, while the securities are not bank deposits or FDIC-insured obligations.

Key Highlights

  • Citigroup’s securities are linked to the worst-performing Nasdaq-100 Index, Russell 2000 index or State Street Utilities Select Sector SPDR ETF.
  • A redemption would return $1,000 in cash for each security held, alongside any related contingent coupon payment.
  • Callable contingent-coupon equity-linked securities due January 25, 2029.
  • Linked to three underlyings and redeemable in full on designated potential redemption dates.

CITIGROUP INC (NYSE: C), a Major Banks company, has set terms for callable contingent-coupon equity-linked securities due January 25, 2029.

They may be redeemed in full, rather than in part, on designated potential redemption dates. If redemption occurs, holders receive the $1,000 cash amount plus any contingent coupon payment connected with that date. Potential redemption dates include January 24, 2028, and December 22, 2028, among other dates listed in the terms. The securities are unsecured Debt securities, and their contingent coupon structure offers the possibility of periodic payments at an annualized rate that could exceed the Yield on conventional debt securities with the same maturity.

Investor Risks Include Early Redemption and Hedging Exposure

The securities carry risks that are not associated with conventional debt securities. An investor’s actual yield may fall below the return available on conventional debt securities of comparable maturity, and the securities can be called before the January 25, 2029 Maturity date. Citigroup Global Markets Inc. and its affiliates may benefit from hedging activity even if the securities decline in value. Electronic platform providers may receive up to $1.50 per security sold when related dealers or custodians use those platforms.