Citi plans 7.25%-8.25% contingent yield trigger autocalls on indexes

By Susanna Moon

Chicago, Oct. 26 – Citigroup Global Markets Holdings Inc. plans to price trigger autocallable contingent yield notes due Oct. 31, 2028 linked to the worst performing of the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annual rate of 7.25% to 8.25% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if each index closes at or above its initial level on any valuation date after one year.

The payout at maturity will be par unless either index finishes below its 50% trigger level, in which case investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Citigroup Inc.

UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.

The notes will price on Oct. 29.

The Cusip number is 17326X496.

© 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.