Citigroup plans contingent coupon autocalls tied to three stocks

By Sarah Lizee

Olympia, Wash., March 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 27, 2023 linked to the worse performing of the common stocks of PayPal Holdings, Inc., Square, Inc. and Micron Technology, 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 18.5% if each stock closes at or above its 60% coupon barrier on the review date for that period.

Beginning in December 2019, the notes will be called at par if each stock closes at or above 100% of its initial level on any quarterly review date.

The payout at maturity will be par unless any stock finishes below its 50% barrier level, in which case investors will be fully exposed to the loss of the least performing stock.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on March 22.

The Cusip number is 17326YWY8.

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