Citi plans 9.5%-9.75% contingent yield trigger callables on indexes

By Susanna Moon

Chicago, Jan. 14– Citigroup Global Markets Holdings Inc. plans to price trigger callable contingent yield notes with daily coupon observation due July 20, 2021 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 9.5% to 9.75% if each index closes at or above its 55% coupon barrier on each observation day during that quarter.

The notes are callable at par on any quarterly observation date other than the final date.

The payout at maturity will be par unless any index finishes below its 55% downside threshold, in which case investors will lose 1% for each 1% decline of the worst performing index.

The notes are guaranteed by Citigroup Inc.

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

The notes will price on Jan. 15.

The Cusip number is 17326W506.

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