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Published on 6/12/2019 in the Prospect News Structured Products Daily.

Citigroup to price contingent coupon autocallables on three indexes

By Sarah Lizee

Olympia, Wash., June 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due July 3, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Global Markets Inc.

Each month, the notes will pay a contingent coupon at an annual rate of 7.75% to 10.75% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that period.

The notes are called at par if each asset closes at or above its initial level on any quarterly call determination date after one year.

The payout at maturity will be par unless any underlying asset finishes below 60% of its initial level, in which case investors will be fully exposed to any losses of the worst performing asset.

Citigroup Global Markets Inc. is the agent.

The notes will price on June 28.

The Cusip number is 17326YS64.


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