Citigroup to price market-linked notes on basket of ETF, two indexes

By Wendy Van Sickle

Columbus, Ohio, May 6 – Citigroup Global Markets Holdings Inc. plans to price 0.4% market-linked notes due Dec. 1, 2021 based on a basket of three underliers, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The basket components are the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the iShares Core U.S. Aggregate Bond ETF with a 33.33% weight.

The notes pay a semiannual coupon at an annual rate of 0.4%.

The average basket return percentage is the average of the percentage changes in the closing level of the basket from the pricing date to each quarterly valuation date occurring over the term of the notes.

If the average basket return is positive, the payout at maturity will be par plus 100% to 110% of the basket gain.

If the average basket return is zero or negative, the payout will be par.

Citigroup Global Markets Inc. is the underwriter.

The notes will price May 25.

The Cusip number is 17324C3D6.

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