Citigroup to price callable contingent coupon notes tied to two funds

By Sarah Lizee

Olympia, Wash., Dec. 4 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due Dec. 15, 2021 linked to the lesser performing of the Materials Select Sector SPDR fund and the Industrial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 9.5% if each underlying component closes at or above its 70% coupon barrier on the valuation date for that period.

The notes will be callable at par semiannually after six months.

The payout at maturity will be par unless either underlying component finishes below its 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing asset.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Dec. 21.

The Cusip number is 17326YEA0.

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