Citigroup plans contingent coupon autocalls tied to Walmart, Costco

By Sarah Lizee

Olympia, Wash., Dec. 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 24, 2019 linked to the worse performing of the common stocks of Walmart Inc. and Costco Wholesale 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 8% to 9% if each stock closes at or above its 77% coupon barrier on the review date for that quarter.

The notes will be called at par if each stock closes at or above its initial level on any review date.

The payout at maturity will be par unless either stock finishes below its 77% barrier level, in which case investors will receive a number of shares of the worst performing stock equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Dec. 19.

The Cusip number is 17324XGX2.

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