Citigroup plans to price contingent coupon autocalls tied to Nvidia

By Sarah Lizee

Olympia, Wash., April 17 – Citigroup Global Markets Holdings Inc. plans to price contingent coupon autocallable notes due May 18, 2020 linked to Nvidia Corp. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon, plus any previously unpaid coupons, at an annual rate of 9% to 10% if the underlying stock closes at or above its 68% coupon barrier on the observation date for that period.

Starting in August, the notes will be called at par if the stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless the stock closes below its 68% barrier level, in which case investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on May 13.

The Cusip number is 17324XNA4.

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