Citigroup plans contingent yield trigger autocallables tied to indexes

By Susanna Moon

Chicago, May 22 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due May 28, 2027 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6% to 7% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Citigroup Inc.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

The notes will price on May 26.

The Cusip number is 17325K123.

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