Citigroup to price contingent income callable notes tied to indexes

Chicago, Dec. 12 – Citigroup Global Markets Holdings Inc. plans to price contingent income callable securities due Dec. 29, 2021 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon at an annual rate of 12% if each index closes at or above its coupon barrier level, 75% of its initial index level, on each day during that quarter.

The notes are callable at par plus any coupon on any coupon payment date.

If each index finishes at or above 65% of its initial level, the payout at maturity will be par plus any coupon. Otherwise, investors will be fully exposed to the decline of the least-performing index.

Citigroup Global Markets Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price on Dec. 21.

The Cusip number is 17326YB21.

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