Bond Citi Global Markets 0% ( US17328VU810 ) in USD

Issuer	Citi Global Markets
Market price	100 % ⇌
Country	United States
ISIN code	US17328VU810 ( in USD )
Interest rate	0%
Maturity	09/05/2030
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Minimal amount	1 000 USD
Total amount	157 000 USD
Cusip	17328VU81
Detailed description	Citigroup Global Markets Holdings Inc. is a subsidiary of Citigroup Inc. providing a wide range of financial services, including securities brokerage, investment banking, and trading across various asset classes globally. This financial instrument, identified as a bond with ISIN US17328VU810 and CUSIP 17328VU81, originates from Citigroup Global Markets Holdings, a key subsidiary domiciled in the United States. Citigroup Global Markets Holdings serves as a specialized issuance vehicle for a variety of financial products within the expansive Citigroup Inc. conglomerate, one of the world's leading diversified financial services institutions. While a distinct legal entity, its operations and creditworthiness are closely linked to those of its ultimate parent, Citigroup Inc., which provides a broad spectrum of financial services globally, including retail banking, corporate and investment banking, and wealth management. The bond is currently valued at 100% of its par value in USD on the market. A defining characteristic of this debt instrument is its specified interest rate of 0%, classifying it as a zero-coupon bond, meaning investors do not receive periodic interest payments but typically derive their return from the difference between a discounted purchase price and the full par value received at maturity. However, with its current market price at 100%, this implies a 0% yield to maturity if held from the current price, indicating its potential function as a capital preservation vehicle or an embedded component within a more complex structured product. This bond is scheduled to mature on September 5, 2030, providing a medium-term horizon for investors. The total nominal value of the issuance is reported as $157,000, with a minimum nominal purchase amount set at $1,000, designed to accommodate a range of investment sizes. The stated payment frequency of two times (semi-annual) is an informational data point for bonds, though for a 0% coupon bond, this typically refers to principal redemption at maturity and not interim coupon distributions.