Citigroup plans autocallable contingent coupon notes tied to Facebook

By Marisa Wong

Morgantown, W.Va., April 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due April 24, 2017 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 9% if Facebook stock closes at or above the coupon barrier level, 80% of the initial level, on the valuation date for that quarter. The exact contingent coupon rate will be set at pricing.

The notes will be called at par plus the contingent coupon if Facebook shares close at or above the initial share price on any quarterly valuation date.

The payout at maturity will be par plus the contingent coupon unless the stock finishes below the 80% barrier level, in which case investors receive a number of Facebook 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 underwriter.

The notes will price on April 19.

The Cusip number is 17324C2R6.

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