Citi plans 7%-8% contingent coupon autocalls tied to Bank of America

By Susanna Moon

Chicago, April 23 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due May 3, 2019 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7% to 8% if the stock closes at or above its 80% coupon barrier on the valuation date for that quarter.

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

The payout at maturity will be par unless the stock finishes below its 80% final barrier level, in which case the payout will be par plus the return 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 30.

The Cusip number is 17324XLF5.

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