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Citigroup to price contingent coupon autocallables on three indexes
By Sarah Lizee
Olympia, Wash., July 10 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Aug. 5, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, 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 7% to 10% if each underlying 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 call determination date after one year.
The payout at maturity will be par unless any underlying asset finishes below 60% of its initial level, in which case investors will be fully exposed to any losses of the worst performing asset.
Citigroup Global Markets Inc. is the agent.
The notes will price on July 31.
The Cusip number is 17327TBR6.
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