Citigroup plans to price autocallable securities linked to Dow, Nasdaq

By Sarah Lizee

Olympia, Wash., May 18 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due May 30, 2025 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will be automatically called at par plus an annualized redemption premium of 9% to 10% if each underlying index closes at or above its call level on any quarterly review date. The call level is 100% of initial level.

If the notes are not called, the payout at maturity will be par plus the contingent return of 45% to 50% if each index finishes above its initial level.

If any index finishes below its initial level but each index finishes at or above its 60% knock-in level, the payout will be par. If any index finishes below its 60% knock-in level, investors will lose 1% for each 1% decline of the least-performing index.

Citigroup Global Markets Inc. is the agent.

The notes will price on May 26.

The Cusip number is 17328VWN6.

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