Citi plans 17% contingent coupon autocalls tied to Wells Fargo, HSBC

By Susanna Moon

Chicago, March 23 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due April 1, 2020 linked to the common stock of Wells Fargo & Co. and the American Depositary Shares representing ordinary shares of HSBC Holdings plc, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 17% if each stock closes at or above its 75% coupon barrier on the observation date for that quarter.

After six months, the notes will be automatically called at par if each stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless either stock finishes below its 75% final barrier level, in which case the payout will be par plus the return of the worse performing stock with full exposure to any losses.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price in March.

The Cusip number is 17324XGF1.

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