Citi plans autocallable contingent coupon equity notes on Facebook, Google

By Wendy Van Sickle

Columbus, Ohio, Feb. 24 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Aug. 31, 2018 linked to Facebook, Inc. and Alphabet Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent semiannual coupon at an annualized rate of 8.5% to 9.5% if each stock closes at or above the barrier price, 80% of the initial price, on the valuation date for that period.

The notes will be automatically called at par plus the contingent coupon if each stock closes at or above its initial share price on any valuation date.

If the notes are not called and the final share price of each stock is greater than or equal to the barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will be fully exposed to the decline in the share price of the worse performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 28.

The Cusip number is 17324XBF6.

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