Citigroup Global plans contingent coupon autocallables linked to three stocks

By Devika Patel

Knoxville, Tenn., Dec. 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Jan. 4, 2019 linked to the worst performing of the common stocks of Nordstrom, Inc., Eli Lilly and Co. and United Rentals, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of at least 10% if the worst-performing stock closes at or above its barrier price, 50% of its initial share price, on the valuation date for that month. The exact coupon will be set at pricing.

The notes will be automatically called at par plus the contingent coupon if the worst-performing stock closes at or above its initial share price on any monthly valuation date after March 27, 2017.

If the final share price of the worst-performing stock is greater than or equal to its barrier price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for each 1% decline of the worst-performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CDF0) will price Dec. 27 and settle three business days after pricing.

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