Citigroup eyes autocallable contingent coupon notes on index, ETF

Chicago, Dec. 19 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Dec. 23, 2021 linked to the least performing of the Euro Stoxx 50 index and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.35% if each asset closes at or above its 60% coupon barrier on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any review date after June 2019 through September 2021.

The payout at maturity will be par plus the coupon unless either asset finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worse performing asset.

The notes are guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on Dec. 20 and settle on Dec. 26.

The Cusip number is 17326YQ74.

© 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.