Citigroup plans contingent coupon autocallables tied to Euro Stoxx 50

By Susanna Moon

Chicago, July 8 – Citigroup Inc. plans to price autocallable contingent coupon equity-linked securities due July 29, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 5% to 5.25% if the index closes at or above the coupon barrier level, 80% of the initial index level, on the valuation date for that interest period. The exact contingent coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any valuation date beginning July 25, 2016.

If the notes are not called and the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the last coupon.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 24.

The Cusip number is 17298CCU0.

© 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.