Citi plans contingent coupon autocallable notes tied to three stocks

By Susanna Moon

Chicago, July 17 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due July 31, 2019 linked to the worst performing of the common stocks of Advance Auto Parts, Inc., Applied Materials, Inc. and Hess Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9% if each stock closes at or above its 50% coupon barrier on the observation date for that period.

The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date after three months.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger, in which case investors will be fully exposed to the decline of the worst performing stock.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Holdings Inc. is the underwriter.

The notes will price on July 26.

The Cusip number is 17324CKZ8.

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