Citigroup's callable contingent coupon equity-linked securities can be redeemed at $1,000 per security, plus any related contingent coupon payment, if the issuer exercises its call right. The notes are unsecured, not bank deposits, and not insured or guaranteed by the FDIC or another government agency, while the terms warn of risks unlike conventional Debt securities.

Key Highlights

  • The securities are linked to the worst-performing Russell 2000 Index or S&P 500 Index.
  • The notes are due October 19, 2029.
  • Citigroup Global Markets Holdings Inc. warns that the securities are unsecured and not FDIC-insured.

Citigroup Inc. (NYSE: C) is a major banks company. Its callable contingent coupon equity-linked securities can be redeemed for $1,000 per security, plus any related contingent coupon payment, if the issuer exercises its call right. The securities are linked to the worst-performing Russell 2000 Index and S&P 500 Index.

Callable Notes Set Redemption Schedule

The final underlying value is the closing value of each underlying on the final valuation date. The terms also define an underlying return by comparing each valuation-date closing value with its initial underlying value. Potential redemption dates correspond to valuation dates from April 16, 2027, through July 16, 2029.

Unsecured Structure Carries Specific Risks

The securities are not bank deposits and do not carry insurance or a guarantee from the Federal Deposit Insurance Corporation or another government agency. They also are not obligations of, or guaranteed, a bank. The terms warn that investing in them involves risks that do not apply to conventional debt securities.