Citi to price trigger autocallable contingent yield notes on the Dow

By Sarah Lizee

Olympia, Wash., Jan. 24 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due Jan. 31, 2022 linked to the Dow Jones Industrial Average, 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 at least 8% if the index closes at or above its coupon barrier level, 70% to 74% of its initial level, on the related quarterly observation date.

After six months, the notes will be called at par if the index closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the index finishes below the 70% to 74% downside threshold, in which case investors will lose 1% for each 1% decline of the index.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

The notes will price on Jan. 29.

The Cusip number is 17326W415.

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