Citigroup to price upturn securities linked to basket of indexes, ETF

By Sarah Lizee

Olympia, Wash., Sept. 7 – Citigroup Global Markets Holdings Inc. plans to price 0% upturn securities due Sept. 30, 2021 linked to a performance-allocation basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The basket consists of the S&P 500 index, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF.

The weighting for each underlying will be determined on the valuation date, Sept. 27, 2021. The underlying with the highest return will have a 60% weight, and each other underlying will have a 20% weight.

The payout at maturity will be par plus any basket gain, capped at par plus 30% to 35%. The exact cap will be set at pricing.

Investors will be fully exposed to any basket decline.

Citigroup Global Markets Inc. is the agent.

The notes will price on Sept. 27 and settle on Oct. 2.

The Cusip number is 17326YMB9.

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