Citi plans 8%-9% contingent coupon autocalls linked to S&P, Russell

By Susanna Moon

Chicago, Dec. 12 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due July 2, 2020 linked to the S&P 500 index and the Russell 2000 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% to 9% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.

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

The payout at maturity will be par unless either asset ever closes below its 70% knock-in level, in which case investors will receive par plus the return of the worse 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 Dec. 27.

The Cusip number is 17326YK70.

© 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.