Citigroup plans autocallable contingent coupon notes tied to GE

By Marisa Wong

Madison, Wis., April 11 - Citigroup Inc. plans to price autocallable contingent coupon equity-linked securities due April 22, 2019 linked to General Electric Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 1.85% if General Electric stock closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if General Electric shares close at or above the initial share price on any quarterly valuation date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 80% barrier level, in which case investors will receive a number of General Electric shares equal to $1,000 divided by the initial share price or, at the issuer's option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price on April 16 and settle on April 22.

The Cusip number is 1730T0N88.

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