Citi eyes autocallable market-linked CDs on Dynamic Asset Selector

By Sarah Lizee

Olympia, Wash., June 19 – Citibank, NA plans to price 0% autocallable market-linked certificates of deposit due June 30, 2026 linked to the Citi Dynamic Asset Selector 5 Excess Return index, according to a term sheet.

If the index closes at or above the applicable premium threshold on any of the six annual valuation dates, the CDs will be automatically called at par plus a premium of 9.5% per year. The premium threshold level is 103.25% of the initial level for the first valuation date, stepping up by 325 basis points on each subsequent 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. Advisors Asset Management is distributor.

The CDs will price June 25.

The Cusip number is 17294XTD8.

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