Citi plans 6%-7% contingent yield trigger autocalls on Russell, EAFE

By Susanna Moon

Chicago, Jan. 19 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due Feb. 2, 2023 linked to the lesser performing of the Russell 2000 index and MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6% to 7% if each stock closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date after one year.

The payout at maturity will be par unless either stock finishes below its 70% downside threshold, in which case investors will lose 1% for every 1% decline of the worse performing stock.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the bookrunners.

The notes will price on Jan. 29 and settle on Jan. 31.

The Cusip number is 17326E209.

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