Citigroup plans contingent coupon autocallables on Junior Gold Miners

By Marisa Wong

Morgantown, W.Va., Sept. 27 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 18, 2018 linked to the VanEck Vectors Junior Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Each quarter, the notes pay a contingent coupon at an annualized rate of 9% to 10% if the fund closes at or above the barrier price, 75% of the initial price, on the valuation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if the ETF shares close at or above the initial share price on any quarterly valuation date other than the final one.

If the final share price is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will receive a number of ETF shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 13.

The Cusip number is 17324XDG2.

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