Citi plans autocallable contingent coupon autocalls linked to MSCI EM

By Sarah Lizee

Olympia, Wash., June 19 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due June 26, 2025 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The notes will pay a contingent quarterly coupon at an annual rate of 8.6% if the index closes at or above 75% of its initial level on the valuation date for that quarter.

Beginning in June 2020 and ending in March 2025, the notes will be called in whole at par on any contingent coupon payment date that the index closes at or above its initial level.

The payout at maturity will be par plus the final coupon unless the index finishes below the 75% barrier level, in which case investors will lose 1% for each 1% decline of the index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17327TBC9) will price on June 21.

© 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.