Citi plans contingent coupon autocallables tied to Wal-Mart, Costco

New York, March 13 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 3, 2019 linked to the worst performing of the common stocks of Wal-Mart Stores, Inc. and Costco Wholesale Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 8% to 9% if each stock closes at or above its 77.5% coupon barrier on the valuation date for that month. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly valuation date from June 2018 through June 2019.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 77.5% final barrier level, in which case investors will receive a number of shares of the worst performing stock equal to the principal divided by the initial share price or, at the company’s option, the cash equivalent.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on March 28.

The Cusip is 17324XMG2.

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