Citigroup to price contingent coupon notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., March 5 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due March 31, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Each quarter, the notes will pay a contingent coupon at the rate of 9.05% per year if the least-performing index closes at or above its barrier level, 70% of its initial level, on the valuation date for that quarter.

The notes will be callable at par quarterly.

The payout at maturity will be par unless the least-performing index finishes below its barrier level, in which case investors will be exposed to the least-performing index’s decline from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price March 26.

The Cusip number is 17326YUZ7.

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