Citigroup to price autocallable jump notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Oct. 7 – Citigroup Global Markets Holdings Inc. plans to price 0% jump securities with autocallable feature due Oct. 12, 2023 linked to the worst performing of the S&P 500 index, the Nasdaq-100 index and the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning Oct. 15, 2020, the notes will be automatically called at par plus a call premium of 16% per year if each index closes at or above its initial level on any quarterly determination date.

If the notes are not called and the worst-performing index finishes at or above its trigger level, 70% of its initial level, the payout at maturity will be par plus 64%.

If the worst -performing index finishes below its trigger level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Holdings Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.

The notes are expected to price Oct. 8.

The Cusip number is 17327P740.

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