Citigroup plans contingent coupon autocallable notes linked to stocks

By Susanna Moon

Chicago, Dec. 8 – Citigroup Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 15, 2017 linked to ConocoPhillips and Chevron Corp. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 8.2% annualized if each stock closes at or above its coupon barrier level, 65% of the initial level, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above the initial level on any interest payment date.

The payout at maturity will be par unless either stock finishes at or below its 65% knock-in level, in which case investors will be fully exposed to any losses of the worst performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Dec. 12.

The Cusip number is 1730T03N7.

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