Citigroup plans contingent yield trigger autocallables on S&P, Stoxx

By Marisa Wong

Morgantown, W.Va., Feb. 9 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due Feb. 16, 2023 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8.6% to 9.1% if each index closes at or above its coupon barrier level, 70% of its initial level, 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 final coupon unless either index finishes below the downside threshold, 70% of the initial level, in which case investors will lose 1% for each 1% decline of the worst performing index from its initial level.

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

The notes will price on Feb. 12.

The Cusip number is 17326E324.

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