Citigroup to price autocallable barrier securities on three ETFs

By Emma Trincal

New York, April 8 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable barrier securities due April 28, 2027 linked to the iShares Semiconductor ETF, the iShares Russell 2000 ETF and the Utilities Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at a premium of 17.5% per annum if the worst performing ETF closes at or above its initial value on any monthly valuation date after six months.

If the worst performing ETF gains, the payout at maturity will be par plus that ETF’s return.

Investors will receive par if the worst performing ETF declines but ends at or above its 70% final barrier and will lose 1% for every 1% that the worst performing ETF declines if it finishes below the final barrier.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 23 and settle on April 26.

The Cusip number is 17331AZ79.

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