Citigroup to price 0.5% market-linked notes tied to two indexes, fund

By Devika Patel

Knoxville, Tenn., July 3 – Citigroup Global Markets Holdings Inc. plans to price 0.5% market-linked notes due Jan. 30, 2023 linked to a basket containing two indexes and one exchange-traded fund, almost equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Interest will be payable semiannually.

The underlying components are the S&P 500 index, with a 33.34% weight, the Euro Stoxx 50 index and the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund, each with a 33.33% weight each.

The payout at maturity will be par plus 100% to 110% of any basket gain, plus the coupon.

If the basket falls, the payout will be par plus the coupon.

Citigroup Global Markets Inc. is the underwriter, with Morgan Stanley Wealth Management handling distribution.

. The notes (Cusip: 17324CKS4) are expected to price on July 25 and settle three business days after pricing.

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