Citigroup plans contingent income autocallable notes tied to S&P 500

Chicago, Dec. 12 – Citigroup Global Markets Holdings Inc. plans to price contingent income autocallable securities due Dec. 31, 2020 linked to the S&P 500 index, 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 8.05% if the index closes at or above its 80% downside threshold level on the observation date for that quarter.

The notes will be redeemed at par plus the contingent coupon if the index closes at or above its initial level on any quarterly valuation date other than the final date, beginning March 28, 2019.

The payout at maturity will be par plus the final coupon unless the index finishes below the 80% downside threshold level, in which case investors will lose 1% for every 1% that the final index level is less than its initial level.

Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 17326YQK5) will price on Dec. 28 and settle three business days after pricing.

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