Citigroup to price autocallable securities due 2023 on three indexes

By Devika Patel

Knoxville, Tenn., June 22 – Citigroup Global Markets Holdings Inc. plans to price autocallable securities due July 20, 2023 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

On July 17, 2019, July 17, 2020, July 19, 2021 or July 18, 2022, Citigroup may call the notes at par of $1,000 plus a call premium of 8.6% per year if the closing level of each index is greater than or equal to its initial level.

If each index finishes at or above its initial level, the payout at maturity will be $1,430 per $1,000 of notes.

Investors will receive par if the final level is less than the initial level but each index finishes at or above 60% of its initial level.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17324CWR3) will price July 17 and settle July 20.

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