Citigroup plans to price buffer securities linked to the Dow

By Marisa Wong

Madison, Wis., May 6 – Citigroup Inc. plans to price 0% buffer securities due June 1, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. Investors will receive par if the index declines by 10% to 15% or less and will lose 1% for every 1% that it declines beyond the buffer, which will be set at pricing.

Citigroup Global Markets Inc. is the underwriter.

The notes are expected to price May 27.

The Cusip number is 17298CAJ7.

© 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.