Citigroup plans contingent coupon autocallables on ConocoPhillips

By Wendy Van Sickle

Columbus, Ohio, March 16 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 26, 2018 linked to ConocoPhillips stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 8% to 9.5% if ConocoPhillips stock closes at or above the coupon barrier, 80% of the initial price, on the valuation date for that quarter.

The notes will be called at par of $1,000 plus the contingent coupon if ConocoPhillips shares close at or above the initial share price on any valuation date from June 2017 to December 2017.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 80% barrier level, in which case investors receive a number of ConocoPhillips shares equal to $1,000 divided by the initial share price or, at the company’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 21.

The Cusip number is 17324XBK5.

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