Citigroup to price contingent coupon autocallables on three stocks

By Marisa Wong

Morgantown, W.Va., Oct. 17 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 26, 2020 linked to the least performing of the common stocks of Procter & Gamble Co., Kimberly-Clark Corp. and Starbucks Corp., 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 annual rate of 7.4% to 8.4% if each stock closes at or above its coupon barrier, 70% of its initial price, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly review date from April 2018 until July 2020.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 70% barrier level, in which case investors will be fully exposed to the decline of the worst performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 18.

The Cusip number is 17324CNC6.

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