Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Energy Select Sector SPDR fund > News item |
Citigroup to price callable contingent coupon notes on index, ETFs
By Sarah Lizee
Olympia, Wash., Dec. 13 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon notes due Dec. 19, 2022 linked to the least performing of the S&P 500 index, the SPDR S&P Oil & Gas Exploration & Production ETF and the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 17.5% to 20% if each underlying asset closes at or above its coupon barrier level, 75% of its initial price, on every trading day that period.
The notes will be callable in whole at par on any observation date beginning in June 2019 and ending in September 2022.
If each asset finishes at or above its barrier level, 50% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the least-performing asset.
Citigroup Global Markets Inc. is the agent.
The notes will price on Dec. 14.
The Cusip number is 17326Y3A2.
© 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.