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Citigroup to price 10-year upturn securities linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Oct. 17 – Citigroup Inc. plans to price 0% upturn securities due Oct. 28, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 190% to 210% of the index return. The exact leverage factor will be set at pricing. If the index level is less than the initial level, investors will be fully exposed to the index’s decline.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Oct. 23.
The Cusip number is 1730T02M0.
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