Citi plans autocallable contingent coupon notes on Dow, Gold Miners

By Emma Trincal

New York, Nov. 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due May 30, 2028 linked to the least performing of the Dow Jones industrial average and the VanEck Vectors Gold Miners ETF, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each month, the notes pay a contingent coupon at a rate between 8% and 10% per year if each underlying closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that month. The exact rate will be set at pricing.

The notes will be automatically called at par if each underlying closes at or above its initial level on any quarterly call observation date after one year.

The payout at maturity will be par unless any underlying falls by more than 20%, in which case investors will lose 1% for every 1% that the lesser-performing underlying declines beyond the buffer.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 24 and settle on Nov. 30.

The Cusip number is 17328WSS8.

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