E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/17/2015 in the Prospect News Structured Products Daily.

Citigroup plans to price market-linked notes linked to Euro Stoxx 50

By Marisa Wong

Madison, Wis., April 17 – Citigroup Inc. plans to price 0% market-linked securities due Feb. 5, 2019 with leveraged upside participation to a cap and fixed percentage buffered downside linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 175% of the index gain, subject to a maximum return of 37% to 42% that will be set at pricing.

If the final index level is at least 80% of the initial level, the payout will be par. Otherwie, investors will lose 1% for every 1% decline beyond the 20% buffer.

Citigroup Global Markets Inc. is the agent.

The notes are expected to price on April 30.

The Cusip number is 1730T07C7.


© 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.