Citi plans 7% contingent coupon callables tied to S&P 500, Russell

By Susanna Moon

Chicago, Aug. 8 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity-linked securities due Aug. 31, 2028 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 7% if each index closes at or above its 70% coupon barrier on each day during that month.

The notes are callable at par on any review date after one year.

The payout at maturity will be par unless either index finishes below its 70% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Aug. 27.

The Cusip number is 17324CZ66.

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