Citigroup plans autocallable market-linked securities tied to indexes

By Sarah Lizee

Olympia, Wash., Oct. 10 – Citigroup Global Markets Holdings Inc. plans to price market-linked securities – autocallable with contingent coupon and contingent downside due Oct. 27, 2022 linked to the least performing of the S&P 500 index, the Russell 2000 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 pay a contingent quarterly coupon at an annual rate of 6% to 7% if each index closes at or above the 65% threshold 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 review date from April 2019 to July 2022.

The payout at maturity will be par unless any index falls below the 65% threshold, in which case investors will be fully exposed to any decline of the worst performing index.

Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.

The notes will price on Oct. 30 and settle on Nov. 2.

The Cusip number is 17326Y7D2.

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