Citigroup plans to price autocallable securities on indexes, ETF

By Sarah Lizee

Olympia, Wash., Oct. 7 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Oct. 11, 2024 linked to the Russell 2000 index, the Nasdaq-100 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Citigroup will call the notes at par of $1,000 plus a call premium of 17.05% per year if the closing level of each asset is greater than or equal to its initial level on any annual call date.

If each asset finishes at or above its initial index level, the payout at maturity will be par plus 85.25%.

Investors will receive par if the final level of any asset is less than its initial level but each asset finishes at or above the trigger level, 70% of its initial level.

Otherwise, investors will lose 1% for each 1% decline of the worst performing asset.

Citigroup Global Markets Inc. is the agent.

The notes will price on Oct. 8.

The Cusip number is 17327TEH5.

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