Citi eyes autocallable contingent coupon notes on three stocks

Chicago, March 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 31, 2022 linked to the worst performing of the common stocks of American Airlines Group, Inc., Nvidia Corp. and Twitter, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 18.35% if all three underliers close at or above 50% of their initial level on the valuation date for that quarter.

Beginning in June and ending in December 2021, the notes will be called at par plus the contingent coupon if all three underliers close at or above their initial level on any quarterly valuation date.

The payout at maturity will be par plus the final coupon unless any underlier finishes below the 50% final barrier value in which case investors will receive a fixed number of shares of the worst performing underlying equal to its equity ratio or, if Citigroup prefers, the cash value of those shares.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17324XES5) will price on March 26 and settle on March 29.

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