Citi plans contingent coupon autocallable notes tied to Harley, Nike

By Susanna Moon

Chicago, March 14 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due March 23, 2018 linked to the worse performing of the common stock of Harley-Davidson, Inc. and the class B common stock of Nike, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annualized rate of 9% to 10% if each stock closes at or above the coupon barrier, 75% of the initial price, on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial share price on any valuation date.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below its 75% barrier level, in which case investors will be fully exposed to any losses of the worse performing stock.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on March 20.

The Cusip number is 17324XBN9.

© 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.