Citigroup plans autocallables due 2024 tied to Russell, S&P, Dow

By Susanna Moon

Chicago, Oct. 26 – Citigroup Global Markets Holdings Inc. plans to price autocallable notes due Nov. 1, 2024 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 12.6% if each index closes at or above its initial level on any valuation date other than the final date after one year.

If each underlying index finishes at or above its initial level, the payout at maturity will be par plus 75.6%.

If any underlying index falls by up to its 70% knock-in level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worst performing index.

The notes are guaranteed by Citigroup Inc.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

The notes will price on Oc. 29.

The Cusip number is 17326YC38.

© 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.