Citigroup’s autocallable securities can mature early with premiums rising to 53.50% of stated principal amount by September 22, 2031. Investors face a structure with no interest payments, no guaranteed principal repayment at Maturity and returns determined by the worst-performing of the Dow Jones Industrial Average, Nasdaq-100 index and Russell 2000 Index.
Key Highlights
- The securities carry a maturity date of September 25, 2031.
- Citigroup Global Markets Holdings Inc. issues unsecured Debt securities guaranteed by Citigroup Inc.
- The securities do not pay interest or guarantee repayment of principal at maturity.
CITIGROUP INC. (NYSE: C) is a major banks company. Its autocallable securities are due September 25, 2031 and offer potential early Redemption premiums reaching 53.50% of stated principal amount. Investor returns depend on whichever performs worst among the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index.
Autocallable Terms Extend Through 2031
Citigroup Global Markets Holdings Inc. issues the securities as unsecured debt, with Citigroup Inc. providing a guarantee. The notes pay no interest and do not assure repayment of principal at maturity. Automatic redemption may occur on periodic valuation dates, with premiums of 10.70% on September 22, 2027, 21.40% on September 21, 2028, 32.10% on September 21, 2029, and 42.80% on September 23, 2030. The September 22, 2031 valuation date carries a 53.50% premium. The pricing supplement is dated September 21, 2026.
Structure Carries Debt-Security Risks
Their terms state that the return is based solely on the worst-performing underlying, rather than on the combined performance of all three indexes. Citigroup Global Markets Holdings Inc. identifies risks that are not associated with conventional debt securities.
FAQs
Q: When do Citigroup’s autocallable securities mature?
A: Citigroup’s autocallable securities are due on September 25, 2031. The terms also allow potential automatic early redemption on periodic valuation dates.
Q: How are premiums set on Citigroup’s structured notes?
A: The premiums rise from 10.70% on September 22, 2027, to 53.50% on September 22, 2031, with intermediate valuation-date premiums specified in the terms.
Q: Are Citigroup’s autocallable securities guaranteed?
A: Citigroup Global Markets Holdings Inc. issues the unsecured debt securities, and Citigroup Inc. guarantees them. The securities do not guarantee principal repayment at maturity.
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