Citigroup plans autocallable equity-linked notes on Las Vegas Sands

By Susanna Moon

Chicago, Dec. 6 - Citigroup Inc. plans to price autocallable equity-linked securities due Dec. 18, 2014 tied to Las Vegas Sands Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a coupon of 2.375% per quarter.

The notes will be redeemed at par of $10 plus interest if Las Vegas Sands shares close at or above the initial share price on any quarterly date.

If the notes are not called and the final share price is at least 80% of the initial share price, the payout at maturity will be par.

Otherwise, the payout will be a number of Las Vegas Sands shares equal to $10 divided by the initial share price or, at the issuer's option, an equivalent amount in cash.

Citigroup Global Markets Inc. is the agent.

The notes will price on Dec. 13 and settle three business days later.

The Cusip number is 17321F433.

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