Citigroup plans autocallable contingent coupon equity notes on JPMorgan

Chicago, March 11 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 17, 2022 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 8.5% if the shares close at or above the 75% coupon barrier level on the observation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if the stock closes at or above the initial price on any valuation date beginning in September and ending in December 2021.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% final barrier level, in which case investors will lose 1% for each 1% the stock declines.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17326YA55) are expected to price on March 12 and settle on March 15.

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