Citigroup plans 21.85% autocallables linked to Slack, Kohl’s, GrubHub

By Angela McDaniels

Tacoma, Wash., Oct. 11 – Citigroup Global Markets Holdings Inc. plans to price 21.85% autocallable equity-linked securities due Oct. 21, 2020 linked to the least performing of the class A common stock of Slack Technologies, Inc., the common stock of Kohl’s Corp. and the common stock of GrubHub Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

Beginning Jan. 16, the notes will be automatically called at par if the least-performing stock closes at or above its initial share price on any monthly valuation date other than the final one.

The payout at maturity will be par unless the least-performing stock’s final share price is less than 50% of its initial share price, in which case the payout will be a number of share of the least-performing stock equal to $1,000 divided by its initial share price or, at the issuer’s option, an amount in cash equal to the value of those share.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The pricing date is Oct. 16. However, the initial share price of each stock will be its closing share price on Oct. 11.

The Cusip number is 17327TRX6.

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