Citi plans five-year autocalls tied to S&P 500, Russell 2000

By Susanna Moon

Chicago, Feb. 26 – Citigroup Global Markets Holdings Inc. plans to price autocallable securities due April 4, 2024 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 9.25% to 10.25% if each index closes at or above its initial level on any valuation date other than the final valuation date.

If each index finishes at or above its initial level, the payout at maturity will be the gain of the worse performing index.

If either index falls by up to its 60% trigger level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price on March 29.

The Cusip number is 17326YLA2.

© 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.