Citigroup plans contingent coupon autocallables tied to three stocks

By Susanna Moon

Chicago, Feb. 9 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Feb. 28, 2019 linked to the worst performing of the common stocks of Valero Energy Corp., Bank of America Corp. and Nordstrom, 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 quarterly coupon at an annual rate of 9.25% if each stock closes at or above the barrier level, 50% of the initial level, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above the initial share price on any quarterly valuation date from May 2017 through November 2018.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below the 50% barrier level, in which case investors will receive a number of shares of the worse performing stock equal to the principal divided by the initial share price, or, at the issuer’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 23.

The Cusip number is 17324CEX0.

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