Citigroup to price contingent coupon autocallables on ETF, index

By Sarah Lizee

Olympia, Wash., June 10 – Citigroup Global Markets Holdings Inc. plans autocallable contingent coupon equity linked securities due Dec. 17, 2026 linked to the worst performing of the Euro Stoxx Banks index and VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each month, the notes will pay a contingent coupon at an annual rate of 9.45% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that month.

The notes will be called at par if each underlying asset closes at or above its initial level on any quarterly observation date beginning in June 2020.

The payout at maturity will be par unless any underlying asset finishes below its initial level and any underlying asset closes below its 75% knock-in level on any day during the life of the notes, in which case investors will be exposed to the decline in the worst performing asset beyond 25%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 14.

The Cusip number is 17327TAE6.

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