Citigroup plans step down trigger autocallables on S&P 500, Stoxx 50

By Susanna Moon

Chicago, Aug. 15 – Citigroup Global Markets Holdings Inc. plans to price 0% step down trigger autocallable notes due Aug. 24, 2022 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annual call premium of 7% to 8% if either index closes at or above its initial level on any review date or if either index finishes at or above its 70% downside threshold on the final valuation date.

If the notes are not called, the payout will be par plus the return of the worse performing index with 1% loss for each 1% decline.

The notes will be guaranteed by Citigroup Inc.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

The notes will price on Aug. 18 and settle on Aug. 23.

The Cusip number is 17325K453.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.