Citigroup plans 8.35% contingent coupon autocalls on Stoxx, Russell

By Susanna Moon

Chicago, Feb. 21 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Feb. 28, 2023 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.35% if each index closes at or above its 75% coupon barrier on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any valuation date after one year.

The payout at maturity will be par plus the contingent coupon unless either index finishes below its 75% barrier level, in which case investors will be fully exposed any losses of the worse performing index.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 23.

The Cusip number is 17324CRF5.

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