Citigroup plans contingent coupon autocallables on Euro Stoxx, EM ETF

By Marisa Wong

Morgantown, W.Va., Nov. 22 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due May 31, 2019 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, 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 annual rate of 8.25% to 9.25% if each underlying closes at or above its 70% coupon barrier on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each underlying closes at or above its initial level on any quarterly valuation date after six months.

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

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 27.

The Cusip number is 17324CNV4.

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