Citigroup eyes callable contingent coupon notes on Dow, Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Aug. 24 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due Aug. 28, 2025 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index 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 pay a contingent quarterly coupon at an annualized rate of 7.45% if each asset closes at or above its coupon barrier level, 70% of its initial level, on the valuation date for that period.

The notes will be callable in whole at par plus any coupon due on any quarterly valuation date after one year.

If the notes are not redeemed, the payout will be par plus any coupon due unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the loss of the least performing index.

Citigroup Global Markets Inc.is the underwriter.

The notes will price on Aug. 25.

The Cusip number is 17328WFC7.

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