Citi plans autocallable market-linked notes on Citi Dynamic Asset

By Sarah Lizee

Olympia, Wash., July 11 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable market-linked notes due July 30, 2026 linked to the Citi Dynamic Asset Selector 5 Excess Return index, 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 an annual premium of 5.5% if, on an annual valuation date, the closing level of the index is greater than or equal to the applicable premium threshold level. The premium threshold level will start at 102% on July 27, 2020, stepping up 200 basis points annually.

If the index return is positive, the payout at maturity will be par plus the index gain. Otherwise, the payout will be par.

Citigroup Global Markets Inc. is the agent.

The notes will price July 26.

The Cusip number is 17327TBS4.

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