Citi amends pricing date, maturity of contingent coupon notes on indexes

By Sarah Lizee

Olympia, Wash., July 22 – Citigroup Global Markets Holdings Inc. amended the pricing date, maturity date and potential redemption dates of its planned callable contingent coupon notes linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The maturity date was changed to July 30, 2024 from July 25, 2024 previously.

The notes pay a contingent quarterly coupon at an annualized rate of 5.6% if each underlying index closes at or above its coupon barrier level, 70% of its initial price, on the observation date for that period.

The notes will be callable in whole at par on any monthly contingent coupon payment date starting in July 2020.

If each asset finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing asset.

Citigroup Global Markets Inc. is the agent.

The notes will price on July 25. They were previously set to price on July 22.

The Cusip number is 17327TFU5.

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