Citigroup to price contingent coupon autocallables on Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., April 2 – Citigroup Inc. plans to price autocallable contingent coupon equity-linked securities due April 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at a rate of 2.5% to 2.625% if the index closes at or above the coupon barrier level, 80% of the initial index level, on the valuation date for that interest period. The exact contingent coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any of the first nine semiannual valuation dates.

If the notes are not called and the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the last coupon.

Otherwise, investors will be fully exposed to the index decline from its initial level

The notes (Cusip: 1730T06Y0) are expected to price April 24 and settle three business days later.

Citigroup Global Markets Inc. is the underwriter.

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