Citi to price contingent coupon autocallable notes on four stocks

By Emma Trincal

New York, June 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due June 28, 2023 tied to the worst performing of FedEx Corp., Goldman Sachs Group, Inc., Micron Technology, Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a quarterly contingent coupon at an annual rate of 17.75% if each underlying stock closes at or above its 60% coupon barrier on the related quarterly observation date.

The notes will be called at par if each stock closes at or above its initial level on any quarterly call observation date.

The payout at maturity will be par unless any underlier finishes below its 60% final barrier value, in which case investors will receive a fixed number of shares of the worst performing underlying equal to its equity ratio or, if the issuer prefers, the cash value of those shares. Each stock’s equity ratio is equal to $1,000 divided by its initial share price.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 26.

The Cusip number is 17324XL65.

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