Citi plans 12% contingent coupon autocalls tied to three stocks

By Susanna Moon

Chicago, April 10 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due April 26, 2021 linked to the worst performing of the common stocks of Bank of America Corp., Ford Motor Co. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12% if each stock closes at or above its 50% coupon barrier on the valuation date for that month.

The notes will be called at par if each stock closes at or above its initial level on any quarterly valuation date.

The payout at maturity will be par unless any stock finishes below its 50% final barrier level, in which case the payout will be par plus the return of the worst 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 on April 25 and settle three business days later.

The Cusip number is 17324CTY2.

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