Citi plans market-linked autocalls with contingent coupon on indexes

By Sarah Lizee

Olympia, Wash., June 7 – Citigroup Global Markets Holdings Inc. plans to price market-linked securities due June 19, 2023 – autocallable with contingent coupon and contingent downside linked to the least performing of the Russell 2000 index 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 7% to 8% if each index closes at or above its 75% coupon threshold on the observation date for that period.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after six months.

The payout at maturity will be par unless any index finishes below its 75% downside threshold, in which case the payout will be par plus the return of the worst performing index with full exposure to any losses.

The notes are guaranteed by Citigroup Inc.

Wells Fargo Securities LLC and Citigroup Global Markets Inc. are the agents.

The notes will price on June 14.

The Cusip number is 17326YZX7.

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