Citi to price autocallable equity-linked securities on three stocks

By Sarah Lizee

Olympia, Wash., April 3 – Citigroup Global Markets Holdings Inc. plans to price autocallable equity-linked securities due April 9, 2020 tied to shares of bluebird bio, Inc., Twilio Inc. and Zillow Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes carry a coupon of 21.15% per year, payable monthly.

The notes will be automatically redeemed at par plus interest if the worst-performing stock closes at or above its initial price on any quarterly observation date.

If the notes are not called and the final price each stock is at least 55% of its initial price, the payout at maturity will be par. Otherwise, the payout will be the final share price of the worst-performing stock multiplied by its equity ratio, $1,000 divided by the initial share price.

Citigroup Global Markets Inc. is the underwriter.

The notes will price April 5.

The Cusip number is 17324XMF4.

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