Citigroup to price autocallable securities on S&P 500, Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., June 6 – Citigroup Global Markets Holdings Inc. plans to sell autocallable securities due June 14, 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 will be guaranteed by Citigroup Inc.

The notes will be automatically called at par plus a quarterly redemption premium of 2.6875% if the closing price of each underlying index is at or above its initial level on any of the 19 quarterly redemption dates beginning Sept. 7, 2018.

If the notes are not called, the payout at maturity will be par plus 53.75% if each index finishes above its respective initial level. The exact contingent maximum return will be set at pricing.

The payout will be par if either or both indexes fall by up to 35%. If one or both underlying indexes finish below 65% of their respective initial prices, investors will lose 1% for each 1% decline of the least-performing index from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CW28) will price on June 7 and settle three business days after pricing.

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