Citigroup plans autocallable securities due 2023 linked to two ETFs

By Sarah Lizee

Olympia, Wash., Nov. 13 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Nov. 21, 2023 linked to the iShares MSCI ACWI ex U.S. exchange-traded fund and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Citigroup will call the notes at par of $1,000 plus a call premium of 9% per year if the closing level of each asset is greater than or equal to its initial level on any annual call date.

If each asset finishes at or above its initial index level, the payout at maturity will be par plus 45%.

If each asset declines but neither falls by more than 40%, the payout will be par.

Otherwise, investors will be fully exposed to any loss of the worst performing asset.

Citigroup Global Markets Inc. is the agent.

The notes will price on Nov. 16 and settle on Nov. 21.

The Cusip number is 17326YHK5.

© 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.