Citi eyes autocallable contingent coupon notes on Nasdaq, Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Jan. 23, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, 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 8.1% if all three underliers close at or above 65% of their initial level on the valuation date for that quarter.

Beginning in April 2019 and ending in October 2023, 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 65% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing underlier from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YJ80) will price on Jan. 18 and settle on Jan. 24.

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