Citigroup plans contingent coupon autocallables linked to three stocks

By Marisa Wong

Morgantown, W.Va., Nov. 22 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 2, 2020 linked to the least performing of the common stocks of H&R Block, Inc., Netflix, Inc. and Morgan Stanley, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Each month, the notes will pay a contingent coupon at an annual rate of 10% if each stock closes at or above its 50% coupon barrier on the valuation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly valuation date.

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

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 27.

The Cusip number is 17324CP42.

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