Citigroup plans contingent coupon autocallables linked to Facebook

By Susanna Moon

Chicago, June 2 - Citigroup Inc. plans to price autocallable contingent coupon securities due July 2, 2015 linked to the common stock of Facebook Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 2% to 2.5% if Facebook stock closes at or above the barrier level, 70% of the initial share price, on an observation date for that quarter.

The notes will be redeemed at par plus the contingent payment if the stock closes at or above the initial share price on any of the first three quarterly valuation dates.

The payout at maturity will be par plus the contingent payment unless the stock finishes below the 70% 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.

Citigroup Global Markets Inc. is the agent.

The notes will price on June 27.

The Cusip number is 1730T0R84.

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