Citigroup plans contingent coupon callable notes linked to two indexes

By Susanna Moon

Chicago, April 19 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity linked securities due May 3, 2032 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 9% to 11% if each index closes at or above the 70% coupon barrier on the valuation date for that quarter.

The notes are callable at par plus the contingent coupon on any redemption date after one eyar.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% trigger level, investors will be fully exposed to any losses of the worse performing index.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 25.

The Cusip number is 17324CHK5.

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