Citi to price autocallable contingent coupon notes tied to index, ETF

By Sarah Lizee

Olympia, Wash., Aug. 6 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Aug. 16, 2024 linked to the worst performing of the Russell 2000 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Global Markets Inc.

Each quarter, the notes will pay a contingent coupon at an annual rate of 9% if each asset closes at or above its 70% coupon barrier on the observation date for that period.

The notes are called at par if each asset closes at or above its initial level on any quarterly determination date after one year.

The payout at maturity will be par unless any asset finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the worst performing asset from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes will price on Aug. 13.

The Cusip number is 17327TZJ8.

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