Citigroup plans to price callable contingent coupon notes on SPDR Regional Banking ETF

By Emma Trincal

New York, May 10 – Citigroup Global Markets Holdings Inc. plans to price 0% callable contingent coupon equity-linked securities due May 15, 2025 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 15% paid quarterly if the ETF closes at or above its 58.45% coupon barrier on the related valuation date.

The securities may be called starting Nov. 13 at par and on any subsequent quarterly review date.

The payout at maturity will be par if the ETF ends at or above its 58.45% final barrier. Otherwise, investors will lose 1% for every 1% that the ETF declines, payable as cash or shares at the issuer’s option.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 12 and settle on May 17.

The Cusip number is 17331AGP0.

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