Citi to price contingent coupon autocalls tied to oil, gold ETFs

By Sarah Lizee

Olympia, Wash., April 2 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due April 30, 2024 linked to the least performing of the SPDR S&P Oil & Gas Exploration & Production ETF and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.75% if each ETF closes at or above its 60% coupon barrier on the valuation date for that period.

The notes will be called at par if each ETF closes at or above its initial level on any quarterly review date after one year.

The payout at maturity will be par unless either ETF finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worse performing ETF.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on April 25.

The Cusip number is 17326YDP8.

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