Citigroup plans contingent coupon autocallables linked to Dow, Nasdaq

By Angela McDaniels

Tacoma, Wash., Dec. 6 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 18, 2025 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of at least 5.1% per year if the lesser-performing index closes at or above its final barrier value, 50% of its initial level, on the valuation date for that month.

Beginning in March 2020, the notes will be automatically called at par if the lesser-performing index closes at or above its initial level on any potential autocall date, which occur quarterly.

The payout at maturity will be par unless the lesser-performing index finishes below its final barrier value, in which case investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Dec. 13.

The Cusip number is 17327TV29.

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