Citi plans 8% contingent coupon autocalls on oil fund, two indexes

By Susanna Moon

Chicago, June 29 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due July 25, 2022 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 8% if each underlying asset closes at or above its 60% coupon barrier on the observation date for that quarter.

The notes will be called if each stock closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par unless any asset finishes below its 60% trigger level, in which case investors will receive par plus the return of the worst performing asset with full exposure to any losses.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 20.

The Cusip number is 17324CX92.

© 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.