Citigroup to adjust settlement rates for T-DECS on Feb. 24

By Tali David

Minneapolis, Feb. 17 - Citigroup Inc. is adjusting the settlement rates of its T-DECS, the company announced in a press release.

Effective Feb. 24, the rates will be adjusted as follows:

• The minimum settlement rate will change to 2.5426 from 2.5418;

• The maximum settlement rate will change to 3.1783 from 3.1772;

• The reference price will change to $31.46 from $31.47; and

• The threshold appreciation price will change to $39.33 from $39.34.

The adjustments are being made due to a dividend of $0.01 per share of common stock that will be paid on Feb. 24.

Citigroup is a financial services company based in New York.

© 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.