Citigroup plans contingent coupon autocallables linked to two stocks

By Susanna Moon

Chicago, Sept. 25 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 4, 2018 linked to the worse performing of the class A common stocks of Facebook, Inc. and Alphabet Inc., 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% if each stock closes at or above its 77.5% coupon barrier on the valuation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial share price on any valuation date.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 77.5% trigger 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 agent.

The notes will price on Sept. 29.

The Cusip number is 17324XDE7.

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