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Published on 8/8/2019 in the Prospect News Structured Products Daily.

Citigroup plans autocallables linked to Citi Dynamic Asset Selector 5

By Angela McDaniels

Tacoma, Wash., Aug. 8 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable market-linked notes due Sept. 1, 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 automatically called at par plus a premium of 5.5% per year if the index closes at or above the premium threshold level on any annual valuation date. The premium threshold level is 102% of the initial index level on the first valuation date and will increase by 2 percentage points per year, reaching 112% of the initial index level on Aug. 27, 2025.

If the notes are not called, the payout at maturity will be par plus the index return, subject to a minimum payout of par.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price Aug. 27.

The Cusip number is 17327TLC8.


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