E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/23/2017 in the Prospect News Structured Products Daily.

Citigroup plans contingent coupon autocallables linked to two stocks

By Susanna Moon

Chicago, June 23 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Jan. 2, 2019 linked to the worse performing of the class A common stocks of Facebook, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 8% to 9% if each stock closes at or above its 80% coupon barrier on the valuation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial share price on any quarterly valuation date from December 2017 through September 2018.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below the 80% barrier level, in which case investors will receive a number of shares of the worse performing stock equal to $1,000 divided by the initial share price.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on June 27.

The Cusip number is 17324XCH1.


© 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.