Citigroup to price callable contingent coupon notes on indexes, ETF

By Sarah Lizee

Olympia, Wash., Dec. 13 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon notes due Dec. 23, 2022 linked to the least performing of the S&P 500 index, Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes pay a contingent quarterly coupon at an annualized rate of 12% to 14% if each underlying asset closes at or above its coupon barrier level, 80% of its initial price, on every trading day that period.

The notes will be callable in whole at par on any observation date beginning in June 2019 and ending in September 2022.

If each asset finishes at or above its barrier level, 55% of its initial level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the least-performing asset.

Citigroup Global Markets Inc. is the agent.

The notes will price on Dec. 20.

The Cusip number is 17326Y5V4.

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