Citigroup plans contingent coupon autocalls tied to four stocks

By Sarah Lizee

Olympia, Wash., March 27 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity-linked securities due Oct. 21, 2019 linked to the worse performing of the common stocks of Netflix, Inc., Facebook, Inc., Alphabet Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12.5% if each stock closes at or above its 70% coupon barrier on the review date for that month.

The notes will be called at par if each stock closes at or above its initial level on any monthly review date.

The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will receive a number of shares of the worst performing stock equal to $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on April 16.

The Cusip number is 17324XGG9.

© 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.