Citigroup plans jump autocallables linked S&P, Russell and Euro Stoxx

By Devika Patel

Knoxville, Tenn., Jan. 9 – Citigroup Global Markets Holdings Inc. plans to price 0% jump securities with autocallable feature due Jan. 14, 2021 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

Beginning Jan. 17, 2019, the notes will be automatically called at par plus a call premium if each index closes at or above its initial level on any quarterly valuation date. The call premium is expected to be 13.05% per year and will be set at pricing.

If each index finishes at or above its initial level, the payout at maturity will be par plus a 39.15% premium. The exact premium will be set at pricing.

The payout will be par if any index finishes below its initial level but each index finishes at or above its trigger level, 75% of its initial level.

If any index finishes below its trigger level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.

Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 17324CQL3) will price Jan. 10 and settle three business days after pricing.

© 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.