Citigroup plans 7.5%-9.5% airbag autocallables on Constellation Brands

By Marisa Wong

Madison, Wis., Feb. 5 - Citigroup Inc. plans to price 7.5% to 9.5% airbag autocallable yield optimization notes due Feb. 14, 2014 linked to the common stock of Constellation Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par plus accrued interest if Constellation Brands stock closes at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Constellation Brands shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

The notes will price Feb. 8 and settle Feb. 13.

Citigroup Global Markets Inc. and UBS Financial Services Inc. will be the agents.

The Cusip number is 173095407.

© 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.