Citi plans 8% contingent income autocalls due 2021 tied to Amgen

By Susanna Moon

Chicago, Aug. 15 – Citigroup Global Markets Holdings Inc. plans to price contingent income autocallable securities due Aug. 20, 2021 linked to Amgen Inc. stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if the underlying stock closes at or above the 80% downside threshold on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any valuation date other than the final date.

The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will lose 1% for each 1% decline.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Aug. 17.

The Cusip number is 17326X702.

© 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.