Citigroup to price contingent coupon autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., Feb. 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Feb. 19, 2021 tied to the least performing of the common stocks of Amazon.com, Inc., General Electric Co. and Johnson & Johnson, 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 8.7% if each stock closes at or above its 50% coupon barrier on the related quarterly observation date.

After six months, the notes will be called at par if each stock closes at or above its initial price on any quarterly observation date prior to maturity.

The payout at maturity will be par unless any stock finishes below its 50% barrier, in which case the payout will be par plus the return of the worst performing stock with full exposure to any losses.

Citigroup Global Markets Inc. is the agent.

The notes will price on Feb. 13.

The Cusip number is 17324CRX6.

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