Citi to price callable contingent coupon notes on Russell, S&P, EM index

By Sarah Lizee

Olympia, Wash., Sept. 18 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due Sept. 27, 2022 linked to the worst performing of the Russell 2000 index, the MSCI Emerging Markets index and the S&P 500 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 9.1% if each asset closes at or above its coupon barrier level, 65% 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.

If the notes are not redeemed, the payout will be par plus any final coupon unless any index finishes below 65% 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 Sept. 22.

The Cusip number is 17328WSP4.

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