[Form 4] SSR Mining Inc. Insider Trading Activity

Q: What coupon rate do Citigroup's 424B2 notes (CUSIP 17331JEC2) pay?

They offer a 4.25 % quarterly contingent coupon , equivalent to 17 % per annum , payable only when the index closes ≥ 60 % of its initial level on the relevant valuation date.

Q: When can the securities be automatically called by Citigroup (C)?

Starting 30 Dec 2025 and at each subsequent quarterly valuation date, the notes are called if the index is ≥ its initial level, returning $1,000 + coupon .

Q: How can investors lose principal at maturity?

If not called and the index ends below 60 % of its initial value , repayment equals $1,000 × (index performance), exposing holders to full downside without a floor.

Q: Is there a secondary market for these Citigroup contingent coupon notes?

The notes will not be listed ; CGMI may provide bid indications but can halt at any time, so investors should be prepared to hold to maturity.

Q: Why is the estimated value ($946) lower than the $1,000 issue price?

The difference reflects structuring, hedging costs and dealer profit ; it represents an initial 5.4 % economic drag for investors.

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (ticker C), is issuing Autocallable Contingent Coupon Equity-Linked Securities linked to the performance of the S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER. The unsecured senior notes (Series N) are priced at $1,000 each, settle on 3 Jul 2025, and mature on 5 Jul 2030, unless automatically redeemed earlier.

Income profile: Investors may receive a 17.00% annualised contingent coupon (4.25% quarterly) only if the underlying’s closing value on a valuation date is at least 60 % of the initial level (coupon barrier = 326.875). Missed coupons are not recaptured.

Autocall feature: Beginning 30 Dec 2025 and at each subsequent quarterly valuation date, the notes are automatically redeemed at $1,000 + the current coupon if the underlying is at or above its initial level (544.7912). Early redemption limits the maximum holding period and therefore total coupon potential.

Principal repayment at maturity (if not called):

≥ 60 % of initial level: 100 % principal returned (plus any final coupon).
< 60 %: principal is reduced 1-for-1 with the underlying’s percentage decline; investors could lose up to their entire investment.

Underlying risk: The index employs up to 500 % leverage to S&P 500 futures, applies a 6 % annual decrement, and targets 40 % volatility, creating potential moves that are multiples of S&P 500 futures declines. Historical data are limited (live since May 2024; prior results are back-tested).

Pricing & fees: Estimated value is $946 (5.4 % below issue price) reflecting hedging, structuring costs and the issuer’s internal funding rate. CGMI receives up to $10 underwriting fee (1 %). Notes will not be listed; secondary liquidity relies solely on CGMI’s discretion.

Key risks: (1) full downside exposure below the 60 % barrier; (2) high underlying volatility & leverage; (3) issuer & guarantor credit risk; (4) illiquidity; (5) tax uncertainty (pre-paid forward treatment; 30 % withholding possible for non-US holders); (6) automatic call caps upside and reinvestment risk.

Citigroup Global Markets Holdings Inc., garantito da Citigroup Inc. (simbolo C), emette titoli azionari con cedola contingente autocallable collegati alla performance dell'Indice S&P 500 Futures 40% Edge Volatility 6% Decrement (USD) ER. Le obbligazioni senior non garantite (Serie N) sono quotate a 1.000 $ ciascuna, con regolamento il 3 luglio 2025 e scadenza il 5 luglio 2030, salvo riscatto anticipato automatico.

Profilo di reddito: Gli investitori possono ricevere una cedola contingente annualizzata del 17,00% (4,25% trimestrale) solo se il valore di chiusura dell’attività sottostante in una data di valutazione è almeno il 60% del livello iniziale (barriera cedola = 326,875). Le cedole non pagate non vengono recuperate.

Caratteristica autocall: A partire dal 30 dicembre 2025 e a ogni successiva data di valutazione trimestrale, le obbligazioni vengono rimborsate automaticamente a 1.000 $ + la cedola corrente se l’attività sottostante è pari o superiore al suo livello iniziale (544,7912). Il rimborso anticipato limita il periodo massimo di detenzione e quindi il potenziale totale di cedole.

Rimborso del capitale a scadenza (se non richiamate):

≥ 60% del livello iniziale: restituzione del 100% del capitale (più eventuale cedola finale).
< 60%: il capitale viene ridotto in proporzione alla perdita percentuale dell’attività sottostante; gli investitori potrebbero perdere fino all’intero investimento.

Rischio dell’attività sottostante: L’indice utilizza fino a un leva del 500% sui futures S&P 500, applica un decremento annuale del 6% e mira a una volatilità del 40%, generando movimenti potenzialmente multipli rispetto alle variazioni dei futures S&P 500. I dati storici sono limitati (attivo da maggio 2024; risultati precedenti sono simulati).

Prezzo e commissioni: Il valore stimato è di 946 $ (5,4% sotto il prezzo di emissione), riflettendo costi di copertura, strutturazione e il tasso interno di finanziamento dell’emittente. CGMI riceve una commissione di sottoscrizione fino a 10 $ (1%). Le obbligazioni non saranno quotate; la liquidità secondaria dipende esclusivamente dalla discrezione di CGMI.

Rischi principali: (1) esposizione totale al ribasso sotto la barriera del 60%; (2) elevata volatilità e leva dell’attività sottostante; (3) rischio di credito dell’emittente e del garante; (4) illiquidità; (5) incertezza fiscale (trattamento come pre-paid forward; possibile ritenuta del 30% per investitori non statunitensi); (6) il richiamo automatico limita il potenziale di guadagno e introduce rischio di reinvestimento.

Citigroup Global Markets Holdings Inc., garantizado por Citigroup Inc. (símbolo C), emite Valores vinculados a acciones con cupón contingente autocancelable ligados al desempeño del Índice S&P 500 Futures 40% Edge Volatility 6% Decrement (USD) ER. Los bonos senior no garantizados (Serie N) tienen un precio de $1,000 cada uno, liquidación el 3 de julio de 2025 y vencimiento el 5 de julio de 2030, salvo redención automática anticipada.

Perfil de ingresos: Los inversores pueden recibir un cupón contingente anualizado del 17,00% (4,25% trimestral) solo si el valor de cierre del activo subyacente en una fecha de valoración es al menos el 60% del nivel inicial (barrera del cupón = 326.875). Los cupones no pagados no se recuperan.

Función autocall: A partir del 30 de diciembre de 2025 y en cada fecha de valoración trimestral siguiente, los bonos se redimen automáticamente a $1,000 + el cupón actual si el subyacente está en o por encima de su nivel inicial (544.7912). La redención anticipada limita el período máximo de tenencia y, por tanto, el potencial total de cupones.

Reembolso del principal al vencimiento (si no son redimidos):

≥ 60% del nivel inicial: se devuelve el 100% del principal (más cualquier cupón final).
< 60%: el principal se reduce 1 a 1 con la caída porcentual del subyacente; los inversores podrían perder hasta toda su inversión.

Riesgo del subyacente: El índice emplea hasta un apalancamiento del 500% en futuros del S&P 500, aplica un decremento anual del 6% y apunta a una volatilidad del 40%, generando movimientos que pueden ser múltiplos de las caídas de los futuros del S&P 500. Los datos históricos son limitados (activo desde mayo de 2024; resultados anteriores son simulados).

Precio y comisiones: El valor estimado es de $946 (5,4% por debajo del precio de emisión), reflejando costos de cobertura, estructuración y la tasa interna de financiación del emisor. CGMI recibe hasta $10 de comisión de suscripción (1%). Los bonos no estarán listados; la liquidez secundaria depende exclusivamente de la discreción de CGMI.

Riesgos clave: (1) exposición total a la baja por debajo de la barrera del 60%; (2) alta volatilidad y apalancamiento del subyacente; (3) riesgo crediticio del emisor y garante; (4) iliquidez; (5) incertidumbre fiscal (tratamiento como pre-paid forward; posible retención del 30% para tenedores no estadounidenses); (6) el autocall limita el potencial alcista y conlleva riesgo de reinversión.

Citigroup Global Markets Holdings Inc.는 Citigroup Inc.(티커 C)의 보증을 받아 S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER의 성과에 연동된 자동상환형 조건부 쿠폰 주식연계증권을 발행합니다. 무담보 선순위 채권(시리즈 N)은 각각 1,000달러에 가격이 책정되며, 2025년 7월 3일에 결제되고, 자동상환되지 않는 한 2030년 7월 5일에 만기됩니다.

수익 프로필: 투자자는 기초자산의 평가일 종가가 최초 수준의 60%(쿠폰 장벽 = 326.875) 이상일 경우에만 연 17.00% 조건부 쿠폰(분기별 4.25%)을 받을 수 있습니다. 미지급 쿠폰은 회수되지 않습니다.

자동상환 기능: 2025년 12월 30일부터 시작하여 이후 매 분기 평가일에, 기초자산이 최초 수준(544.7912) 이상일 경우 해당 채권은 1,000달러 + 현재 쿠폰으로 자동상환됩니다. 조기상환은 최대 보유기간과 총 쿠폰 수익 잠재력을 제한합니다.

만기 시 원금 상환 (자동상환되지 않은 경우):

최초 수준의 60% 이상: 원금 100% 반환(최종 쿠폰 포함).
60% 미만: 기초자산 하락률에 따라 원금이 1대1 비율로 감소하며, 투자자는 투자금 전액을 잃을 수 있습니다.

기초자산 위험: 이 지수는 S&P 500 선물에 최대 500% 레버리지를 사용하고, 연 6% 감소율을 적용하며, 40% 변동성을 목표로 하여 S&P 500 선물 하락의 배수에 해당하는 움직임을 일으킬 수 있습니다. 역사적 데이터는 제한적이며(2024년 5월부터 실시간; 이전 결과는 백테스트임) 참고용입니다.

가격 및 수수료: 추정 가치는 946달러(발행가 대비 5.4% 낮음)이며, 헤지 비용, 구조화 비용 및 발행자의 내부 자금 조달 비용을 반영합니다. CGMI는 최대 10달러의 인수 수수료(1%)를 받습니다. 채권은 상장되지 않으며, 2차 유동성은 오직 CGMI 재량에 달려 있습니다.

주요 위험: (1) 60% 장벽 이하 전면 하락 위험; (2) 높은 기초자산 변동성 및 레버리지; (3) 발행자 및 보증인 신용 위험; (4) 유동성 부족; (5) 세금 불확실성(선불 선도계약 처리, 비미국 투자자에 대해 30% 원천징수 가능성); (6) 자동상환은 상승 잠재력을 제한하며 재투자 위험을 동반합니다.

Citigroup Global Markets Holdings Inc., garanti par Citigroup Inc. (symbole C), émet des titres liés à des actions avec coupon conditionnel autocallable liés à la performance de l'Indice S&P 500 Futures 40% Edge Volatility 6% Decrement (USD) ER. Les billets seniors non garantis (Série N) sont proposés à 1 000 $ chacun, avec règlement au 3 juillet 2025 et échéance au 5 juillet 2030, sauf remboursement anticipé automatique.

Profil de revenu : Les investisseurs peuvent recevoir un coupon conditionnel annualisé de 17,00% (4,25% trimestriel) uniquement si la valeur de clôture du sous-jacent à une date d’évaluation est au moins égale à 60 % du niveau initial (barrière du coupon = 326,875). Les coupons manqués ne sont pas récupérés.

Caractéristique autocall : À partir du 30 décembre 2025 et à chaque date d’évaluation trimestrielle suivante, les billets sont automatiquement remboursés à 1 000 $ + le coupon courant si le sous-jacent est au niveau ou au-dessus de son niveau initial (544,7912). Le remboursement anticipé limite la durée maximale de détention et donc le potentiel total de coupons.

Remboursement du principal à l’échéance (si non remboursé auparavant) :

≥ 60 % du niveau initial : remboursement de 100 % du principal (plus tout coupon final).
< 60 % : le principal est réduit à hauteur de la baisse en pourcentage du sous-jacent ; les investisseurs peuvent perdre jusqu’à la totalité de leur investissement.

Risque du sous-jacent : L’indice utilise un effet de levier allant jusqu’à 500 % sur les futures S&P 500, applique un décrément annuel de 6 % et vise une volatilité de 40 %, ce qui peut engendrer des mouvements multiples des baisses des futures S&P 500. Les données historiques sont limitées (en direct depuis mai 2024 ; résultats antérieurs simulés).

Tarification et frais : La valeur estimée est de 946 $ (5,4 % en dessous du prix d’émission), reflétant les coûts de couverture, de structuration et le taux de financement interne de l’émetteur. CGMI perçoit jusqu’à 10 $ de frais de souscription (1 %). Les billets ne seront pas cotés ; la liquidité secondaire dépend uniquement de la discrétion de CGMI.

Principaux risques : (1) exposition totale à la baisse en dessous de la barrière des 60 % ; (2) forte volatilité et levier du sous-jacent ; (3) risque de crédit de l’émetteur et du garant ; (4) illiquidité ; (5) incertitude fiscale (traitement en prépaiement forward ; retenue à la source possible de 30 % pour les détenteurs non américains) ; (6) le remboursement automatique limite le potentiel de hausse et comporte un risque de réinvestissement.

Citigroup Global Markets Holdings Inc., garantiert von Citigroup Inc. (Ticker C), gibt autocallable contingent coupon equity-linked securities aus, die an die Entwicklung des S&P 500 Futures 40% Edge Volatility 6% Decrement Index (USD) ER gebunden sind. Die unbesicherten Senior Notes (Serie N) werden zu je 1.000 $ begeben, die Abrechnung erfolgt am 3. Juli 2025, die Fälligkeit ist der 5. Juli 2030, sofern sie nicht vorher automatisch zurückgezahlt werden.

Einkommensprofil: Anleger können nur dann einen jährlichen bedingten Kupon von 17,00% (vierteljährlich 4,25%) erhalten, wenn der Schlusskurs des Basiswerts an einem Bewertungstag mindestens 60 % des Anfangswerts (Kuponbarriere = 326,875) beträgt. Verpasste Kupons werden nicht nachgeholt.

Autocall-Merkmal: Ab dem 30. Dezember 2025 und an jedem folgenden vierteljährlichen Bewertungstag werden die Notes automatisch zu 1.000 $ + dem aktuellen Kupon zurückgezahlt, wenn der Basiswert auf oder über seinem Anfangsniveau (544,7912) liegt. Die vorzeitige Rückzahlung begrenzt die maximale Haltedauer und damit das gesamte Kuponpotenzial.

Kapitalrückzahlung bei Fälligkeit (sofern nicht vorzeitig zurückgezahlt):

≥ 60 % des Anfangsniveaus: 100 % des Kapitals werden zurückgezahlt (plus eventueller Endkupon).
< 60 %: Das Kapital wird eins zu eins entsprechend dem prozentualen Rückgang des Basiswerts reduziert; Anleger können bis zum Totalverlust ihres Investments kommen.

Basiswertrisiko: Der Index nutzt bis zu 500 % Hebel auf S&P 500 Futures, wendet einen jährlichen Abschlag von 6 % an und zielt auf eine Volatilität von 40 %, was Bewegungen erzeugt, die ein Vielfaches der Rückgänge der S&P 500 Futures sein können. Historische Daten sind begrenzt (seit Mai 2024 live, vorherige Ergebnisse sind Backtests).

Preisgestaltung & Gebühren: Der geschätzte Wert liegt bei 946 $ (5,4 % unter dem Ausgabepreis), was Hedging-, Strukturierungs- und interne Finanzierungskosten des Emittenten widerspiegelt. CGMI erhält bis zu 10 $ Zeichnungsgebühr (1 %). Die Notes werden nicht notiert; die Sekundärliquidität liegt allein im Ermessen von CGMI.

Hauptrisiken: (1) volles Abwärtsrisiko unterhalb der 60%-Barriere; (2) hohe Volatilität und Hebelwirkung des Basiswerts; (3) Emittenten- und Garantiegeber-Kreditrisiko; (4) Illiquidität; (5) steuerliche Unsicherheit (Behandlung als Prepaid Forward; 30 % Quellensteuer möglich für Nicht-US-Inhaber); (6) Autocall begrenzt das Aufwärtspotenzial und birgt Reinvestitionsrisiko.

Positive

17 % annualised contingent coupon provides significantly higher potential yield than comparable senior Citi debt.
Full principal repayment if underlying remains ≥ 60 % of initial level, offering partial downside cushion versus direct equity exposure.
Issuer and parent guarantee from Citigroup Inc. supports investment-grade credit profile.

Negative

Uncapped downside: principal loss begins below 60 % barrier and can reach 100 % if index falls ≥ 100 %.
Highly leveraged decrement index (up to 5×) amplifies market declines, raising barrier breach probability.
Automatic call can terminate high-yield stream early, creating reinvestment risk and capping returns.
Liquidity risk: no exchange listing; secondary market limited to CGMI, with uncertain pricing.
Issue price vs. estimated value gap of 5.4 % implies immediate mark-to-market drag for investors.
Tax uncertainty and potential 30 % withholding on coupons for non-US holders; treatment as prepaid forward not IRS-confirmed.
Credit risk: payments rely on CGMHI and Citigroup; notes rank pari-passu with other senior unsecured debt.

Insights

TL;DR Structured note offers 17 % contingent yield but carries high leverage, credit and liquidity risks; overall risk-adjusted profile is neutral to negative.

The 17 % headline coupon is compelling versus conventional debt, but payment is contingent on a 60 % barrier tied to a newly created, complex index with built-in drag (6 % decrement) and up to 5× leverage. Such design materially increases the probability of coupon deferral and principal loss. Automatic call can truncate income should the index recover early, limiting upside. The estimated value sits 54 bps below issue, indicating meaningful embedded costs. Credit risk of CGMHI/Citi remains investment-grade but is unsecured. Illiquid secondary trading further broadens bid-ask spreads. For total-return investors able to monitor positions actively and accept significant downside, the notes may suit yield enhancement strategies; conservative income seekers should avoid.

TL;DR High coupon is offset by path-dependent barriers and leveraged decrement index; unsuitable for core bond allocation.

From a portfolio construction view, the security behaves like a short-volatility position with credit overlay. The 40 % vol-target index will likely under-perform spot SPX in trending markets due to financing cost and decrement, increasing breach probability. Stress testing suggests a 20 % SPX drawdown with elevated VIX could translate to 40-50 % index drop—well through both coupon and final barriers—wiping coupons and principal. Position sizing should therefore be minimal (<1 % NAV) and paired with liquid hedges. Given asymmetric risk and limited upside (max IRR near 17 % if never called), we classify impact on diversified portfolios as marginally negative.

Rimborso del capitale a scadenza (se non richiamate):

≥ 60% del livello iniziale: restituzione del 100% del capitale (più eventuale cedola finale).
< 60%: il capitale viene ridotto in proporzione alla perdita percentuale dell’attività sottostante; gli investitori potrebbero perdere fino all’intero investimento.

Reembolso del principal al vencimiento (si no son redimidos):

≥ 60% del nivel inicial: se devuelve el 100% del principal (más cualquier cupón final).
< 60%: el principal se reduce 1 a 1 con la caída porcentual del subyacente; los inversores podrían perder hasta toda su inversión.

만기 시 원금 상환 (자동상환되지 않은 경우):

최초 수준의 60% 이상: 원금 100% 반환(최종 쿠폰 포함).
60% 미만: 기초자산 하락률에 따라 원금이 1대1 비율로 감소하며, 투자자는 투자금 전액을 잃을 수 있습니다.

Remboursement du principal à l’échéance (si non remboursé auparavant) :

≥ 60 % du niveau initial : remboursement de 100 % du principal (plus tout coupon final).
< 60 % : le principal est réduit à hauteur de la baisse en pourcentage du sous-jacent ; les investisseurs peuvent perdre jusqu’à la totalité de leur investissement.

Kapitalrückzahlung bei Fälligkeit (sofern nicht vorzeitig zurückgezahlt):

≥ 60 % des Anfangsniveaus: 100 % des Kapitals werden zurückgezahlt (plus eventueller Endkupon).
< 60 %: Das Kapital wird eins zu eins entsprechend dem prozentualen Rückgang des Basiswerts reduziert; Anleger können bis zum Totalverlust ihres Investments kommen.

07/02/2025 - 05:29 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mullen Laura M

(Last)

(First)

(Middle)

6900 E. LAYTON AVE

SUITE 1300

(Street)

DENVER

80237

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SSR MINING INC. [ SSRM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Share Unit	⁽¹⁾	07/01/2025		A		926		⁽¹⁾	⁽¹⁾	Common Shares	926	$0	4,950	D

Explanation of Responses:

1. Each deferred share unit ("DSU") represents the right to receive the cash value of a Common Share of the Issuer at the time of settlement. DSUs are earned upon grant and settled upon the Reporting Person's retirement from the Issuer's Board of Directors.

Remarks:

	/s/ Jasmine Miller, attorney-in-fact for Laura Mullen	07/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What coupon rate do Citigroup's 424B2 notes (CUSIP 17331JEC2) pay?

They offer a 4.25 % quarterly contingent coupon, equivalent to 17 % per annum, payable only when the index closes ≥ 60 % of its initial level on the relevant valuation date.

When can the securities be automatically called by Citigroup (C)?

Starting 30 Dec 2025 and at each subsequent quarterly valuation date, the notes are called if the index is ≥ its initial level, returning $1,000 + coupon.

How can investors lose principal at maturity?

If not called and the index ends below 60 % of its initial value, repayment equals $1,000 × (index performance), exposing holders to full downside without a floor.

Is there a secondary market for these Citigroup contingent coupon notes?

The notes will not be listed; CGMI may provide bid indications but can halt at any time, so investors should be prepared to hold to maturity.

Why is the estimated value ($946) lower than the $1,000 issue price?

The difference reflects structuring, hedging costs and dealer profit; it represents an initial 5.4 % economic drag for investors.

[Form 4] SSR Mining Inc. Insider Trading Activity

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FAQ

What coupon rate do Citigroup's 424B2 notes (CUSIP 17331JEC2) pay?

When can the securities be automatically called by Citigroup (C)?

How can investors lose principal at maturity?

Is there a secondary market for these Citigroup contingent coupon notes?

Why is the estimated value ($946) lower than the $1,000 issue price?

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[Form 4] SSR Mining Inc. Insider Trading Activity

Insights

Financial Analyst negative

Portfolio Manager negative

FAQ

What coupon rate do Citigroup's 424B2 notes (CUSIP 17331JEC2) pay?

When can the securities be automatically called by Citigroup (C)?

How can investors lose principal at maturity?

Is there a secondary market for these Citigroup contingent coupon notes?

Why is the estimated value ($946) lower than the $1,000 issue price?

NASDAQ:SSRM

SSRM Rankings

SSRM Latest News

SSRM Latest SEC Filings

SSRM Stock Data