Citigroup to price autocallable contingent coupon notes on ETF, index

By Sarah Lizee

Olympia, Wash., Oct. 24 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Nov. 7, 2025 linked to the least performing of the SPDR S&P Biotech ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.55% if each asset closes at or above its 60% coupon barrier on the valuation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any review date after one year.

The payout at maturity will be par unless either asset finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worse performing asset.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 17326Y4Y9.

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