Citi to price autocallable contingent coupon equity notes on Amazon

By Wendy Van Sickle

Columbus, Ohio, Oct. 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Oct. 31, 2018 based on the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent coupon on a semi-annual basis at an annualized rate of 8% to 8.5% if Amazon stock closes at or above the barrier price, 80% of the initial price, on the valuation date for that period.

After one year, the notes will be automatically called at par plus the contingent coupon if Amazon shares close at or above the initial share price on any valuation date.

If the notes are not called and the final share price is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will receive be fully exposed to the decline in the share price.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 26.

The Cusip number is 17324CBH8.

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