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Citigroup to price autocallables linked to S&P 500, Russell 2000, Dow
By Angela McDaniels
Tacoma, Wash., March 5 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due March 22, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
The notes will be automatically called at par plus a call premium of 8% per year if the worst-performing index closes at or above its initial level on March 19, 2020, March 19, 2021, March 21, 2022 or March 20, 2023.
If the worst-performing index finishes at or above its initial level, the payout at maturity will be par plus 40%.
The payout will be par if the worst-performing index finishes below its initial level but at or above its trigger value, 65% of its initial level.
If the worst-performing index finishes below its trigger value, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.
Citigroup Global Markets Inc. is the agent.
The notes are expected to price March 19.
The Cusip number is 17326Y4L7.
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