Citigroup plans autocallable contingent coupon notes on Goldman, Wells

By Marisa Wong

Madison, Wis., April 14 - Citigroup Inc. plans to price autocallable contingent coupon notes due April 19, 2018 linked to the worst performing of the common stock of Goldman Sachs Group, Inc. and the common stock of Wells Fargo & Co., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock closes at or above the barrier price, 75% of the initial share price, on a quarterly review date, the notes will pay a coupon at an annual rate of 8% for that quarter.

If each stock closes at or above the initial share price on any review date other than the final review date, the notes will be called at par plus the coupon.

If the notes have not been called and either of the stocks finishes below its barrier level, the payout at maturity will be a number of shares of the least-performing stock equal to $1,000 divided by the initial stock price or, at the issuer's option, the cash value of those shares.

Otherwise, investors will receive par plus the coupon.

Citigroup Global Markets Inc. is the agent.

The notes will price on April 16 and settle on April 22.

The Cusip number is 1730T0P29.

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