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Citigroup plans to price autocallable securities on three indexes
By Wendy Van Sickle
Columbus, Ohio, Aug. 26 – Citigroup Global Markets Holdings Inc. plans to price 8.75% autocallable securities due Sept. 17, 2020 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
Interest is payable monthly.
If each index closes at or above its initial level on March 13, 2020 or June 15, 2020, the notes will be called at par.
If the notes are not called, the payout at maturity will be par, unless any index finishes below its initial level and any index ever closes below the 70% trigger level, in which case 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 Sept. 13.
The Cusip number is 17327TLH7.
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