Citigroup plans contingent coupon autocallables tied to three stocks

By Sarah Lizee

Olympia, Wash., May 16 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due May 25, 2023 linked to the worse performing of the common stocks of Morgan Stanley, Walt Disney Co. and Walgreens Boots Alliance, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10% if each stock closes at or above its 50% coupon barrier on the review date for that period.

The notes will be called at par if each stock closes at or above its initial level on any review date starting in May 2020.

The payout at maturity will be par unless any stock finishes below its 50% barrier level, in which case investors will be fully exposed to the decline of the least preforming stock from its initial level.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on May 21.

The Cusip number is 17326YQH2.

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