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Citibank to sell 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 seven annual valuation dates, the CDs will be automatically called at par plus a premium of 4.5% per year. The premium threshold level is 104% of the initial level.
The payout at maturity will be par plus 31.5% if the index finishes at or above its premium threshold level. Otherwise the payout will be par.
Citigroup Global Markets Inc. is the agent. Advisors Asset Management is distributor.
The CDs will price June 25.
The Cusip number is 17294XTA4.
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