Citigroup to price four-year securities linked to basket of 30 stocks

By Angela McDaniels

Tacoma, Wash., Dec. 13 – Citigroup Global Markets Holdings Inc. plans to price 0% securities due Dec. 24, 2020 linked to a basket of 30 stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The equally weighted basket consists of the stocks of Westlake Chemical Corp., Martin Marietta Materials, Inc., Summit Materials, Inc., Oshkosh Corp., Manitowoc Co., Inc., Hubbell Inc., BWX Technologies, Inc., Granite Construction Inc., Aecom, Fastenal Co., W.W. Grainger, Inc., HD Supply Holdings, Inc., United Rentals, Inc., Quanta Services, Inc., Fluor Corp., Kirby Corp., Reliance Steel & Aluminum Co., USG Corp., Compass Minerals International, Inc., Norfolk Southern Corp., CSX Corp., Union Pacific Corp., PPG Industries, Inc., Axalta Coating Systems Ltd., Nucor Corp., Steel Dynamics, Inc., J.B. Hunt Transport Services, Inc., Old Dominion Freight Line, Inc., Republic Services, Inc. and Covanta Holding Corp.

If the final basket level is greater than or equal to the initial basket level, the payout at maturity will be par plus 130% of the basket return, subject to a maximum return of 40%. If the basket declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Dec. 21.

The Cusip number is 17324CDG8.

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