Citibank plans five-year autocallable CDs on Dynamic Asset Selector

By Sarah Lizee

Olympia, Wash., Nov. 20 – Citibank, NA plans to price 0% autocallable market-linked certificates of deposit due Nov. 30, 2023 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.

If the index closes at or above the threshold level on any of the first four annual valuation dates, the notes will be automatically called at par plus a premium of 7% per year. The threshold level is 102.5% of the initial level for the first valuation date, stepping up by 250 basis points for each valuation date after that, to 110% of the initial level for the fourth valuation date.

The payout at maturity will be par plus the index return, subject to a minimum payout of par.

Citigroup Global Markets Inc. is the agent. Incapital LLC is distributor.

The CDs will price Nov. 27.

The Cusip number is 17294XJW7.

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