Citigroup plans contingent coupon autocallables linked to Euro Stoxx

By Tali Rackner

Minneapolis, Aug. 25 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Sept. 1, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will pay a semiannual contingent coupon at an annualized rate of 8.6% to 9% if the index closes at or above its coupon barrier, 75% of the initial level, on the valuation date for that period. The exact coupon will be set at pricing.

The notes will be automatically called at par plus the contingent coupon if the index closes at or above its initial level on any semiannual valuation date beginning in February 2018 and ending in August 2022.

If the final index level is greater than or equal to the final barrier level, 75% of the initial level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to the index’s decline.

Citigroup Global Markets Inc. is the agent.

The notes will price on Aug. 29.

The Cusip number is 17324CLZ7.

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