Citibank plans autocallable CDs linked to Citi Dynamic Asset Selector

By Angela McDaniels

Tacoma, Wash., July 30 – Citibank, NA plans to price 0% autocallable market-linked certificates of deposit due Aug. 5, 2025 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 annual valuation date, the CDs will be automatically called at par plus a premium of 4% per year. The premium threshold level is 103% of the initial level.

If the CDs are not automatically called and the index finishes at or above the premium threshold level, the payout at maturity will be par plus 24%. Otherwise, the payout will be par.

Citigroup Global Markets Inc. is the agent. Advisors Asset Management is distributor.

The CDs will price July 31.

The Cusip number is 17294XUA2.

© 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.