Citigroup plans 7%-8.45% airbag autocallable yield notes linked to Activision Blizzard

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Citigroup Global Markets Holdings Inc. plans to price 7% to 8.45% airbag autocallable yield notes due Nov. 29, 2017 linked to Activision Blizzard, Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Interest will be payable monthly. The exact interest rate will be set at pricing.

The notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Activision Blizzard shares equal to $1,000 divided by the conversion price. The conversion price will be 88% of the initial share price.

UBS Financial Services Inc. is the agent.

The notes will price on Nov. 18 and settle on Nov. 23.

The Cusip number is 17324XAF7.

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