Citigroup plans contingent coupon autocallable equity linked notes on three stocks

By Wendy Van Sickle

Columbus, Ohio, Oct. 5 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Oct. 20, 2017 linked to the common stock of Qualcomm Inc., Broadcom Ltd. and Nvidia Corp., 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 annualized rate of 13.8% to 15%. The exact contingent coupon rate will be set at pricing.

Beginning in January 2017, the notes will be automatically called at par of $1,000 plus the contingent coupon if each stock closes at or above its initial share price on any valuation date.

If the final share price of each stock is greater than or equal to the downside threshold price, 70% of the initial price, the payout at maturity will be par plus the contingent coupon. Otherwise, investors receive a number of shares of the worst-performing stock equal to $1,000 divided by the initial share price.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324CBU9) will price Oct. 17 and settle three business days after pricing.

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