Citigroup to price 7.5% autocallable equity-linked notes on indexes

By Sarah Lizee

Olympia, Wash., Oct. 15 – Citigroup Global Markets Holdings Inc. plans to price 7.5% autocallable equity-linked securities due Oct. 21, 2021 tied to the worst performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable quarterly.

The notes will be automatically redeemed at par plus interest if each index closes at or above its initial price on any quarterly redemption date.

If the notes are not called and the final price of each index is at least 70% of its initial price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the loss of the worst-performing asset.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 16.

The Cusip number is 17327TMY9.

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