Citigroup to price callable contingent coupon notes on index, ETF

By Sarah Lizee

Olympia, Wash., June 14 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon notes due June 28, 2022 linked to the least performing of the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes pay a contingent semiannual coupon at an annualized rate of 13% if each underlying asset closes at or above its coupon barrier level, 65% of its initial price, on the observation date for that period.

The notes will be callable in whole at par on any contingent coupon payment date after six months.

If each asset finishes at or above its barrier level, 65% of its initial level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to the decline of the least-performing asset.

Citigroup Global Markets Inc. is the agent.

The notes will price on June 21.

The Cusip number is 17326YZL3.

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