Citi plans 9.25% to 10.25% contingent coupon autocalls on oil stocks

New York, April 10 – Citigroup Global Markets Holdings Inc. plans to price 9.25% to 10.25% autocallable contingent coupon equity-linked securities due May 3, 2021 linked to the worst performing of the common stocks of Chevron Corp. and Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.25% to 10.25% if each stock closes at or above its 55% coupon barrier on the valuation date for that quarter. The exact coupon will be set at pricing.

Starting in October 2018, the notes will be automatically called at par if each stock closes at or above its initial level on any quarterly valuation date.

The payout at maturity will be par unless either stock finishes below its 55% final barrier level, in which case the payout will be par plus the return of the worse performing stock with full exposure to any losses.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on April 25 and settle three business days later.

The Cusip number is 17324CU79.

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