Citi plans trigger autocallable contingent yield notes on Dow, MSCI EM

By Sarah Lizee

Olympia, Wash., April 10 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due April 19, 2024 linked to the least performing of the Dow Jones industrial average and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon if each index closes at or above its coupon barrier, 70% of its initial level, on the valuation date for that quarter. The contingent coupon rate will be 7.2% to 8.2% per year and will be set at pricing.

The notes will be called at par of $10 if each index closes at or above its initial level on any quarterly observation date after one year.

If the notes are not called and each index finishes at or above its 70% downside threshold, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the least-performing index’s final level is below its initial level.

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

The notes will price on April 16.

The Cusip number is 17326W647.

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