Citigroup plans autocallable contingent coupon notes linked to Halliburton

By Jennifer Chiou

New York, Feb. 5 – Citigroup Inc. plans to price autocallable contingent coupon equity-linked securities due Feb. 23, 2017 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 8% to 10% if Halliburton stock closes at or above the barrier level, 80% of the initial price, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if Halliburton shares close at or above the initial share price on any of the first seven quarterly valuation dates.

If the final share price is greater than or equal to the barrier level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will receive a number of Halliburton shares equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

The notes (Cusip: 1730T04P1) will price on Feb. 17.

Citigroup Global Markets Inc. is the underwriter.

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