Citigroup plans contingent coupon autocallables tied to three stocks

By Susanna Moon

Chicago, April 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due April 30, 2019 linked to the worst performing of the common stocks of Western Digital Corp., H&R Block, Inc. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent monthly coupon at an annualized rate of 9% to 11% if each stock closes at or above the 50% coupon barrier on the valuation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above on any quarterly redemption date from July 2017 to January 2019.

The payout at maturity will be par plus the contingent coupon unless any stock finishes below its 50% trigger level, investors will be fully exposed to any losses of the worst performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on April 25.

The Cusip number is 17324CHG4.

© 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.