Citi plans 7%-8% contingent yield trigger autocalls on S&P, MSCI EM

By Susanna Moon

Chicago, Aug. 8 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due Aug. 13, 2021 linked to the lesser performing of the MSCI Emerging Markets 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 7% to 8% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless either index finishes below its 70% downside threshold, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes will be guaranteed by Citigroup Inc.

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

The notes will price on Aug. 10.

The Cusip number is 17326X850.

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