Citigroup to price autocallable barrier notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., Nov. 19 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable barrier notes due Nov. 25, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be called at par plus a call premium of 10% per year if each index closes at or above its call level on any annual observation date. For each index, the call threshold is 95% of its initial level.

If the final level of the lesser-performing index is equal to or greater than its initial level, the payout at maturity will be par plus the return of the lesser performing index.

If any index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 20.

The Cusip number is 17327TQJ8.

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