Citi eyes autocallable contingent coupon notes on Nasdaq, SPDR ETFs

Chicago, Jan. 31 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Feb. 6, 2020 linked to the Nasdaq-100 index, the SPDR S&P Oil & Gas Exploration & Production ETF and the SPDR S&P Biotech ETF, 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 8.55% if all three underliers close at or above 60% of their initial level on the valuation date for that month.

Beginning in August 2019 and ending in January 2020, the notes will be called at par plus the contingent coupon if all three underliers close at or above their initial level on any monthly valuation date.

The payout at maturity will be par plus the final coupon unless any underlier finishes below the 60% final barrier level, in which case investors will lose 1% for each 1% decline of the worst performing underlier from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YDD5) will price on Feb. 1 and settle on Feb. 6.

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