Citigroup to price contingent coupon autocalls on indexes, ETFs

By Sarah Lizee

Olympia, Wash., Jan. 24 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due May 1, 2020 tied to the least performing of the S&P 500 index, the Russell 2000 index, the iShares MSCI Emerging Markets ETF and the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup, Inc.

The notes will pay a contingent monthly coupon at an annual rate of 13.25% if each asset closes at or above the 65% threshold on the observation date for that month.

The notes will be called at par if each asset closes at or above its initial level on any observation date after six months.

The payout at maturity will be par unless any asset finishes below its initial level and any asset closes below the 65% threshold during the life of the notes, in which case investors will be fully exposed to any decline of the worst performing asset.

Citigroup Global Markets Inc. is are the agent.

The notes will price on Jan. 28.

The Cusip number is 17326YRH1.

© 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.