Citigroup plans contingent coupon autocallables tied to Foot Locker

By Sarah Lizee

Olympia, Wash., March 19 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 25, 2021 linked to Foot Locker, Inc. stock, 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 12.6% if the underlying stock closes at or above its 60% coupon barrier on the applicable quarterly observation date.

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

The payout at maturity will be par unless the stock finishes below its 60% barrier level, in which case investors will be fully exposed to the decline of the stock from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 20.

The Cusip number is 17326YW44.

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