Citi to price autocallable securities linked to Dow, Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., Aug. 14 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Aug. 22, 2023 linked to the Nasdaq-100 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.

If each index closes at or above its initial level on any semiannual valuation date, the notes will be called at par plus a premium of 16.25% a year.

If each index finishes at or above its initial level the payout will be par plus 48.75%. If the least performing index falls but not below the trigger level, 70% of the initial level, the payout will be par.

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 will price on Aug. 17.

The Cusip number is 17328WE61.

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