Citigroup to price contingent coupon autocallables on Stoxx 50, EM ETF

By Marisa Wong

Morgantown, W.Va., Jan. 23 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Jan. 29, 2024 linked to the worst performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup, Inc.

Each quarter, the notes will pay a contingent coupon at an annual rate of about 7.1% if each underlying closes at or above the 60% coupon barrier on the observation date for that quarter.

The notes will be called at par if each underlying closes at or above its initial level on any quarterly autocall review date beginning in January 2020.

The payout at maturity will be par unless either underlying finishes below the 80% buffer level, in which case investors will lose 1% for every 1% decline of the worst performing underlying beyond the 20% buffer.

Citigroup Global Markets Inc. is the agent.

The notes will price on Jan. 24.

The Cusip number is 17326YY34.

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