Citigroup plans autocallable equity-linked notes tied to four stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – Citigroup Global Markets Holdings Inc. plans to price autocallable equity-linked securities due Oct. 20, 2017 tied to shares of FedEx Corp., Amazon.com, Inc., Swift Transportation Co. and Expedia, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of at least 12.5% per year, payable monthly.

The notes will be automatically redeemed at par plus interest if the worst-performing stock closes at or above its initial price on any monthly observation date beginning in May 2017.

If the notes are not called and the final price each stock is at least 70% of its initial price, the payout at maturity will be par. Otherwise, the payout will be the final share price of the worst-performing stock multiplied by its equity ratio.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Feb. 10.

The Cusip number is 17324XBD1.

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