Citi to price five-year autocallables linked to S&P 500, Russell 2000

By Devika Patel

Knoxville, Tenn., Dec. 24 – Citigroup Global Markets Holdings Inc. plans to price autocallable securities due Feb. 1, 2024 linked to 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 guaranteed by Citigroup Inc.

The notes will be called at par plus an expected annual premium of 8.25% to 9.25% if each asset closes at or above its initial level on any annual review date.

If each index closes at or above its initial level, the payout at maturity will be par plus 41.25% to 46.25%, with the exact payout to be set at pricing.

If either asset falls, but finishes at or above its 60% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index from its initial level.

Citigroup Global Markets Inc. is the agent.

The notes (Cusip: 17326YCT1) will price on Jan. 28 and settle on Jan. 31.

© 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.