Citigroup plans contingent income autocallables linked to Home Depot

Chicago, Jan. 29 – Citigroup Global Markets Holdings Inc. plans to price contingent income autocallable securities due Feb. 4, 2022 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If Home Depot shares close at or above the downside threshold level, 80% of the initial share price, on a quarterly valuation date, the notes will pay a contingent payment that quarter at a rate that is expected to be 10% per year.

The notes will be called at par of $10 plus the contingent coupon if Home Depot shares close at or above the initial share price on any quarterly determination date other than the first and final determination dates.

If the final share price is greater than or equal to the 80% downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is the dealer.

The notes are expected to price Feb. 1.

The Cusip number is 17326W324.

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