Citigroup plans 9.5%-10.5% autocallables linked to four tech stocks

By Angela McDaniels

Tacoma, Wash., April 4 – Citigroup Global Markets Holdings Inc. plans to price autocallable equity-linked securities due May 2, 2022 linked to the common stocks of Amazon.com, Inc., Apple Inc. and Netflix, Inc. and the class C capital stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The interest rate is expected to be 9.5% to 10.5% per year and will be set at pricing. Interest will be payable monthly.

The payout at maturity will be par unless the final share price of the worst-performing stock is less than its downside threshold price, 60% of its initial share price, in which case investors will lose 1% for every 1% that the worst-performing stock declines from its initial share price.

Citigroup Global Markets Inc. is the agent.

The notes are expected to price April 25.

The Cusip number is 17326YG26.

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