Citi plans buffered autocallables tied to WTI light sweet crude oil

By Susanna Moon

Chicago, Aug. 14 – Citigroup Global Markets Holdings Inc. plans to price autocallable buffered notes due in 13 to 15 months linked to the West Texas Intermediate light sweet crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are called at par plus a premium of 13% to 16% if the price of crude closes at or above its initial level on any quarterly determination date.

If crude finishes at or above its initial level, the payout at maturity will be par plus 14.08% to 17.33%.

Investors will receive par if the price of crude closes falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

The notes are guaranteed by Citigroup Global Markets Inc.

Citigroup Global Markets Inc. is the agent.

The Cusip number is 17326X603.

© 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.