Citi plans autocallable contingent coupon notes on Nike, Starbucks

New York, July 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Jan. 30, 2019 linked to the worse performing of the class B common stock of Nike, Inc. and the common stock of Starbucks Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Each quarter, the notes will pay a contingent coupon at an annualized rate of 8% to 10% if both stocks close at or above the coupon barrier price, 80% of the initial price, on the valuation date for that quarter. The exact contingent coupon rate will be set at pricing.

Beginning in January 2018 and ending in October 2018, the notes will be automatically called at par of $1,000 plus the contingent coupon if both stocks shares close at or above their initial prices on a quarterly valuation date.

If the final price of the worse performing stock is greater than or equal to the final barrier price, 80% of the initial price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will receive a number of shares of the worse performing stock equal to $1,000 divided by the initial share price or, at the company’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 25 and settle three business days later.

The Cusip number is 17324XCT5.

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