Citi plans to price contingent coupon autocalls tied to three indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 17 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Jan. 30, 2024 linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 index and the Nasdaq-100 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 annual rate of at least 9% if each index closes at or above the 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any quarterly autocall review date beginning in January 2020.

The payout at maturity will be par unless any index finishes below the 50% threshold, in which case investors will be fully exposed to any decline of the worst performing index.

Citigroup Global Markets Inc. is the agent.

The notes will price on Jan. 25.

The Cusip number is 17326YDQ6.

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