Citigroup to price 10.75% autocallables linked to Qlik Technologies

By Angela McDaniels

Tacoma, Wash., Sept. 22 – Citigroup Inc. plans to price 10.75% fixed-coupon autocallable securities due Oct. 1, 2015 linked to the common stock of Qlik Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be called at par of $10 plus accrued interest if Qlik stock closes at or above the initial share price on Dec. 26, 2014, March 26, 2015 or June 26, 2015.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, 75% of the initial share price, the payout at maturity will be par plus accrued interest. Otherwise, the payout will be a number of Qlik shares equal to $10 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price Sept. 26.

The Cusip number is 17322X102.

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