Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citigroup to price autocallable securities due 2020 on three indexes
By Devika Patel
Knoxville, Tenn., July 26 – Citigroup Global Markets Holdings Inc. plans to price autocallable securities due Aug. 5, 2020 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
On Aug. 6, 2018 or July 31, 2019, Citigroup may call the notes at par of $1,000 plus a call premium of 12% per year if the closing level of each index is greater than or equal to 95% of its initial level.
If each index finishes at or above its premium threshold level, 90% of its initial index level, the payout at maturity will be $1,360 per $1,000 of notes.
Investors will receive par if the final level is less than the initial level but each index finishes at or above 75% of its initial level.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Citigroup Global Markets Inc. is the agent.
The notes (Cusip: 17324CLF1) will price July 31 and settle three business days after pricing.
© 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.