Citi plans 6% 10-year contingent yield trigger autocalls on Stoxx, S&P

By Susanna Moon

Chicago, May 24 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due May 31, 2028 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 6% if each underlying asset closes at or above its 55% to 60% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless either fund finishes below its 55% to 60% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing fund.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 29.

The Cusip number is 17326K437.

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