Citigroup to price 9.75%-11.75% autocallables linked to Facebook

By Angela McDaniels

Tacoma, Wash., May 21 - Citigroup Inc. plans to price 9.75% to 11.75% autocallable equity-linked securities due June 5, 2014 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly. The exact interest rate will be set at pricing.

The notes will be automatically redeemed at par of $10 plus interest if Facebook shares close at or above the initial share price on Sept. 3, 2013, Dec. 3, 2013 or March 3, 2014.

If the notes are not called and the final share price is at least 80% of the initial share price, the payout at maturity will be par. Otherwise, the payout will be a number of Facebook shares equal to $10 divided by the initial share price or, at the issuer's option, an equivalent amount in cash.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price May 31 and settle June 5.

The Cusip number is 173095480.

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