| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citigroup to price buffer securities linked to S&P MidCap 400
By Marisa Wong
Madison, Wis., May 23 - Citigroup Inc. plans to price 0% buffer securities due July 2, 2019 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of 40% to 50%. The exact cap will be set at pricing.
If the index finishes flat or falls by no more than 20%, the payout will be par.
If the index falls by more than 20%, investors will lose 1% for every 1% decline beyond the 20% buffer.
The notes (Cusip: 1730T0R35) are expected to price June 27.
Citigroup Global Markets Inc. is the underwriter.
© 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.