Citigroup to price autocallable securities on S&P, Russell

By Sarah Lizee

Olympia, Wash., May 15 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due May 22, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will be automatically called at par plus an annualized redemption premium of 13% if each underlying index closes at or above its call level on any annual review date. The call level is 100% of initial level.

If the notes are not called, the payout at maturity will be par plus the contingent return of 65% if each index finishes above its initial level.

If any index finishes below its initial level but each index finishes at or above its 70% knock-in level, the payout will be par. If any index finishes below its 70% knock-in level, investors will lose 1% for each 1% decline of the least-performing index.

Citigroup Global Markets Inc. is the agent.

The notes will price on May 18.

The Cusip number is 17328VKJ8.

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