Citi to price autocallable securities due 2025 linked to Dow, Russell

By Sarah Lizee

Olympia, Wash., Aug. 13 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Aug. 19, 2025 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Global Markets Inc.

The notes are called at par plus a premium of 9% per year if each asset closes at or above its initial level on any quarterly call valuation date other than the final one.

The payout at maturity will be the 45% premium applicable to that valuation date if the worst performing index closes above its initial value.

The payout at maturity will be par if the worst performing index finishes above its 80% buffer level and below its initial value, otherwise investors will be exposed to losses of the worst performing index.

Citigroup Global Markets Inc. is the agent.

The notes will price on Aug. 14.

The Cusip number is 17328WJ33.

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