Citigroup plans contingent income autocallable notes tied to EM index

By Sarah Lizee

Olympia, Wash., March 12 – Citigroup Global Markets Holdings Inc. plans to price contingent income autocallable securities due March 25, 2021 linked to the MSCI Emerging Markets 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 7% if the index closes at or above its 75% 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 in June 2019.

The payout at maturity will be par plus the final coupon unless the index finishes below the 75% 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: 17326YCN4) will price on March 22.

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