Citigroup to price contingent coupon autocallables on Alerian MLP ETF

By Devika Patel

Knoxville, Tenn., Jan. 8 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Jan. 12, 2024 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 17.85% if the fund closes at or above the coupon barrier level, 77.35% of the initial level, on the valuation date for that quarter.

Beginning on Jan. 9, 2020 and ending on Oct. 9, 2023, the notes will be automatically called at par of $1,000 plus the contingent coupon if the fund closes at or above the initial level on any quarterly valuation date.

If the final level is greater than or equal to the final barrier level, 77.35% of the initial level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for each 1% decline of the fund from its initial level.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17326YVV5) will price Jan. 9 and settle Jan. 14.

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