Citigroup to price autocallable securities due 2025 on S&P, Dow, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 16 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Jan. 27, 2025 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will be automatically redeemed at par plus an annual premium if on an annual valuation date the worst performing index closes at or above its initial value. The annual premium will be 7.05%.

The payout at maturity will be par plus the applicable final premium, 35.25%, if all three indexes finish at or above their initial values.

If the worst performing index finishes at less than its initial value but above the 65% buffer value, the payout will be par. Otherwise, investors will be fully exposed to the losses of the worst performing index.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Jan. 22.

The Cusip number is 17327TV60.

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