Citigroup to price contingent coupon autocallables tied to Amazon

By Sarah Lizee

Olympia, Wash., Feb. 7 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 3, 2020 linked to Amazon.com, Inc. stock, 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% to 9% if the underlying stock closes at or above its 77% coupon barrier on the applicable quarterly observation date.

The notes will be called at par of $5,000 if the stock closes at or above its initial level on any quarterly review date.

The payout at maturity will be par unless the stock finishes below its 77% barrier level, in which case investors will receive a number of shares equal to $5,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Feb. 27.

The Cusip number is 17324XLD0.

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