Citi plans to price callable contingent coupon notes on indexes

By Sarah Lizee

Olympia, Wash., Sept. 23 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due Sept. 28, 2029 linked to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, 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 9% to 10% if each underlying index closes at or above its coupon barrier level, 75% of its initial level, on the related quarterly observation date.

The notes will be callable in whole at par quarterly.

If each index finishes at or above its 60% barrier level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing index.

Citigroup Global Markets Inc. is the agent.

The notes will price on Sept. 25.

The Cusip number is 17327TQH2.

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