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Citigroup to price Accelerated Return Notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Jan. 3 - Citigroup Inc. plans to price 0% Accelerated Return Notes due Aug. 2, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par plus at least 146% of the index return, with the exact participation rate to be set at pricing.
If the index return is negative but finishes at or above the barrier level, 75% of the initial level, the payout will be par. If the index finishes below the barrier level, investors will have full downside exposure to the decline.
The notes will price Jan. 28 and settle three business days later.
The Cusip number is 1730T0F61.
Citigroup Global Markets Inc. is the underwriter.
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