Citigroup to price autocallable securities tied to three indexes

By Sarah Lizee

Olympia, Wash., May 7 – Citigroup Global Markets Holdings Inc. plans to price 0% autocallable securities due May 21, 2024 linked to 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.

If each index closes at or above its initial level on any annual valuation date, the notes will be called at par plus a premium of 8% per year.

If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 40%.

If any index falls but none finish below the 70% trigger level, the payout will be par.

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

Citigroup Global Markets Inc. is the agent.

The notes will price on May 16.

The Cusip number is 17326YVC7.

© 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.