Citigroup plans contingent coupon autocallables tied to two stocks

By Susanna Moon

Chicago, Nov. 14 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 4, 2018 linked to the least performing of the common stocks of Caterpillar Inc. and ConocoPhillips, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8.5% to 10.5% if each stock closes at or above its 77.5% coupon barrier on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly valuation date.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 77.5% barrier level, in which case investors will be fully exposed to any decline of the worse performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Nov. 29.

The Cusip number is 17324XGT1.

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