Citigroup plans to price autocallable securities on three indexes

By Sarah Lizee

Olympia, Wash., Aug. 14 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Aug. 23, 2024 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If each index closes at or above its initial level on any valuation date other than the final one, the notes will be called at par plus a premium of 8.5% per year.

If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 42.5%.

If any index falls but none finish below the 65% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes will price on Aug. 20.

The Cusip number is 17327TCQ7.

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