Citi plans contingent coupon autocallables linked to Amazon, Facebook

By Susanna Moon

Chicago, May 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due May 31, 2018 linked to the worse performing of the common stock of Amazon.com Inc. and the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% to 9% if each stock closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date from August 2017 through February 2018.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 80% trigger, in which case investors will receive a number of shares of worse performing stock equal to $1,000 divided by initial share price.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Holdings Inc. is the underwriter.

The notes will price on May 25.

The Cusip number is 17324XBZ2.

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