Citigroup to price contingent coupon autocalls tied to three stocks

By Sarah Lizee

Olympia, Wash., March 13 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 25, 2022 linked to the worse performing of the common stocks of CVS Health Corp., Halliburton Co. and Spotify Technology SA, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 15.6% if each stock closes at or above its 50% coupon barrier on the review date for that period.

Beginning in March 2020, the notes will be called at par if each stock closes at or above 100% of its initial level on any quarterly review date.

The payout at maturity will be par unless any stock finishes below its 50% barrier level, in which case investors will be fully exposed to the loss of the least performing stock.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on March 22.

The Cusip number is 17326YAY2.

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