Citigroup to price autocallable phoenix notes on Wynn Resorts stock

By Sarah Lizee

Olympia, Wash., March 6 – Citigroup Global Markets Holdings Inc. plans to price autocallable phoenix securities due March 25, 2020 linked to the common stock of Wynn Resorts, Ltd., 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 6.275% if the stock closes at or above its 80% coupon barrier on the related quarterly observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial price on June 20, Sept. 19 or Dec. 19.

The payout at maturity will be par plus the coupon, and any previously unpaid contingent coupons, unless the stock declines by more than 20%, in which case investors will lose 1% for each 1% decline of the stock from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YQJ8) are expected to price on March 8.

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