Citigroup plans to price contingent coupon autocallables on stocks

By Sarah Lizee

Olympia, Wash., June 6 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due June 25, 2025 tied to the common stocks of Halliburton Co., Dropbox, Inc. and AbbVie Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 18% per year, payable monthly if each stock closes above its coupon barrier, 60% of its initial level, on the observation date for that period.

The notes will be automatically redeemed at par plus interest if the worst-performing stock closes at or above its initial price on any monthly autocall date starting in September.

If the notes are not called and the final price each stock is at least 50% of its initial price, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least performing stock.

Citigroup Global Markets Inc. is the underwriter

The notes will price June 20.

The Cusip number is 17326Y5G7.

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