Citi plans 7%-7.5% contingent coupon autocalls tied to Stoxx, S&P

By Sarah Lizee

Olympia, Wash., Nov. 7 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 1, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 7.5% if each index closes at or above its 75% coupon barrier on the valuation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any review date beginning May 2019.

The payout at maturity will be par unless either index ever closes below its 75% knock-in level during the life of the notes, in which case investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 28.

The Cusip number is 17326YA71.

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