Citigroup plans trigger autocallable contingent yield note on indexes

By Devika Patel

Knoxville, Tenn., April 21 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger autocallable contingent yield notes due April 30, 2027 linked to the S&P 500 index and the Euro Stoxx 50 index, 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, expected to be between 7% and 7.65%, if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any quarterly observation date beginning on April 26, 2018.

The payout at maturity will be par plus the final coupon, if any, unless either index finishes below the downside threshold level, 50% of its initial level, in which case investors will lose 1% for every 1% loss of the worse performing index.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17325E861) will price on April 26 and settle on April 28.

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