Citi plans autocallable contingent coupon equity notes on Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, July 21 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due July 29, 2027 linked to the Euro Stoxx 50 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 7% if each index closes at or above its coupon barrier, 70% of its initial level, on the valuation date for that quarter.

The notes will be callable quarterly at par after one year.

If the notes are not called and the final level of each index is greater than or equal to its 50% final barrier level, the payout at maturity will be par plus the contingent coupon, if any. Otherwise, investors will be fully exposed to the decline of the worse performing index.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 25.

The Cusip number is 17324CLC8.

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