Citi plans autocallable contingent coupon autocalls on S&P, Stoxx

Chicago, May 28 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due June 4, 2024 linked to the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 6.25% to 6.75% if each index closes at or above 75% of its initial level on the valuation date for that quarter. The exact coupon will be set at pricing.

Beginning in December and ending in February 2024, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly valuation date.

The payout at maturity will be par plus the final coupon unless either index finishes below the 75% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YUH7) will price on May 30 and settle on June 4.

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