Citigroup plans contingent coupon autocallable notes tied to JPMorgan

By Susanna Moon

Chicago, July 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon notes due July 17, 2018 linked to JPMorgan Chase & Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 8% if the stock closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that quarter.

The notes will be called at par plus the coupon if the stock closes at or above its initial level on any interest payment date after one year.

The payout at maturity will be par plus the final coupon unless the stock falls below the 80% barrier level, in which case investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 12.

The Cusip number is 17324C6Q4.

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