Citigroup plans contingent coupon autocallables tied to two stocks

By Susanna Moon

Chicago, April 25 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due May 2, 2018 linked to the worse performing of the common stocks of Apple Inc. and Celgene Corp., 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 annualized rate of 9.5% to 11% if each stock closes at or above the 80% coupon barrier 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 on any quarterly valuation date from July 2017 to January 2018.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 80% trigger level, investors will be fully exposed to any losses of the worse performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 27.

The Cusip number is 17324XBQ2.

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