Citigroup to price autocallable barrier notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 18 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable barrier notes due May 26, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be called at par plus a call premium of 11.95% per year if each index closes at or above its call level on any semiannual observation date. For each index, the call threshold is 102.5% of its initial level on the first observation date, stepping up by 250 bps each year.

If the final level of the lesser-performing index is less than its call threshold, and therefore not called, but greater than or equal to its barrier level, 60% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 20.

The Cusip number is 17327TVJ2.

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