Citi plans 10%-11% contingent coupon autocallables tied to Nvidia

By Susanna Moon

Chicago, July 6 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due July 29, 2019 linked to Nvidia Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 10% to 11% if each underlying asset closes at or above its 75% coupon barrier on each trading day for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either asset finishes below its 75% trigger level, in which case investors will receive par plus the return of the worse performing asset with full exposure to any losses.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 24.

The Cusip number is 17324XGJ3.

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