Citigroup plans trigger autocallables due 2021 tied to index, fund

By Susanna Moon

Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. plans to price autocallable securities due Feb. 24, 2021 linked to the worse performing of the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual upside premium of 11.5% to 12.5% if each underlying component closes at or above its initial level on any of the first three valuation dates.

If each underlying component finishes above its initial level, the payout at maturity will be par plus the upside premium.

If either component falls but finishes at or above its 60% trigger level, the payout will be par plus the contingent downside premium of 10%.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the agent.

The notes will be guaranteed by Citigroup Inc.

The notes will price on Feb. 17.

The Cusip number is 17324CEL6.

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