Citigroup plans to price autocallable securities on S&P 500

By Emma Trincal

New York, March 14 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due March 14, 2025 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the index closes at or above its initial level on any annual valuation date, the notes will be called at par plus an annualized call premium of 11% per year.

If the index finishes at or above its initial level, the payout at maturity will be par plus 33%.

If the index falls but finishes at or above the 60% barrier level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes priced on March 11 and will settle on March 16.

The Cusip number is 17330ATZ5.

The fee is 0.1%.

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