Citigroup plans contingent coupon autocallables tied to three stocks

By Sarah Lizee

Olympia, Wash., May 9 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due May 22, 2024 linked to the worse performing of the common stocks of salesforce.com, inc., Roku, Inc. and STMicroelectronics NV, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 20% if each stock closes at or above its 50% coupon barrier on the review date for that period.

The notes will be called at par if each stock closes at or above its initial level on any review date starting in August.

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 decline of the least preforming stock from its initial level.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on May 17.

The Cusip number is 17326YEN2.

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