Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Home Depot, Inc. > News item |
Citi plans 9% contingent coupon autocallables tied to three stocks
By Susanna Moon
Chicago, Nov. 21 – Citigroup Global Markets Holdings Inc. plans to price autocallable contingent coupon equity linked securities due Dec. 2, 2021 linked to the worst performing of the common stocks of Microsoft Corp., Home Depot, Inc. and Accenture plc, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 9% if each underlying asset closes at or above its 62.5% coupon barrier on the observation date for that quarter.
The notes will be called if each asset closes at or above its initial level on any quarterly observation date after six months.
The payout at maturity will be par unless any underlying stock finishes below its 62.5% trigger level, in which case investors will receive par plus the return of the worse performing asset with full exposure to any losses.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Nov. 27.
The Cusip number is 17326YK39.
© 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.