Citigroup to price autocallable securities due 2021 tied to two ETFs

By Sarah Lizee

Olympia, Wash., Oct. 29 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Nov. 26, 2021 linked to the SPDR Dow Jones Industrial Average ETF trust and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Citigroup will call the notes at par of $1,000 plus a call premium of 7% to 7.5% per year if the closing level of each asset is greater than or equal to its initial level on any annual call date.

If each asset finishes at or above 80% of its initial index level, the payout at maturity will be par plus 21% to 22.5%.

Otherwise, investors will receive a number of shares of the worse performing underlying equal to $1,000 divided by the initial price or, at the issuer’s option, the cash equivalent.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 20 and settle on Nov. 26.

The Cusip number is 17324XKV1.

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