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Citigroup plans step-down trigger autocallables tied to Dow, Nasdaq
By Sarah Lizee
Olympia, Wash., Nov. 6 – Citigroup Global Markets Holdings Inc. plans to price 0% step-down trigger autocallable notes due Nov. 21, 2023 linked to the Dow Jones Industrial Average and the Nasdaq-100 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 a call return of 8.2% to 9.2% if each index closes at or above its initial level on an annual observation date or at or above its 70% downside threshold on the final valuation date.
The payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
The notes will price on Nov. 16.
The Cusip number is 17326X538.
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