Citigroup to price 10.65% autocallable notes on ETF, three indexes

By Marisa Wong

Morgantown, W.Va., Nov. 16 – Citigroup Global Markets Holdings Inc. plans to price 10.65% autocallable equity-linked securities due May 22, 2019 tied to VanEck Vectors Gold Miners exchange-traded fund, the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

Interest is payable monthly.

The notes will be automatically called at par if the worst-performing asset closes at or above its initial level on any monthly observation date beginning in May 2018.

A knock-in event occurs if any underlying asset closes below the 65% knock-in value on any day during the life of the notes.

If the notes are not called, the payout at maturity will be par unless the worst-performing asset finishes below its initial level and a knock-in event has occurred, in which case the payout will be par plus the return of the worst-performing asset with full exposure to losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price Nov. 17.

The Cusip number is 17324CPA8.

© 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.