Citigroup to price autocallables linked to S&P 500, Russell 2000, Dow

By Angela McDaniels

Tacoma, Wash., Jan. 31 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due Feb. 23, 2024 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

The notes will be automatically called at par plus a call premium of 8.5% per year if the worst-performing index closes at or above its initial level on Feb. 19, 2020, Feb. 19, 2021, Feb. 22, 2022 or Feb. 21, 2023.

If the notes are not redeemed and the worst-performing index finishes at or above its initial level, the payout at maturity will be par plus 42.5%.

The payout will be par if the worst-performing index finishes below its initial level but at or above its trigger value, 60% of its initial level.

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

Citigroup Global Markets Inc. is the agent.

The notes are expected to price Feb. 19.

The Cusip number is 17326YCF1.

© 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.