Citi plans contingent coupon equity autocallables on Gold Miners ETFs

By Emma Trincal

New York, Oct. 23 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 31, 2023 linked to the worst-performing of the VanEck Vectors Gold Miners exchange-traded fund and the VanEck Vectors Junior Gold Miners 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 of 7% per annum if each ETF closes at or above its 50% coupon barrier level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if each ETF closes at or above its initial level on any quarterly call observation date starting after six months.

The payout at maturity will be par unless any ETF closes below 50% of its initial level, in which case investors will be fully exposed to the decline of the least performing ETF from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 26 and settle on Oct. 29.

The Cusip number is 17324X5J5.

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