Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citigroup plans buffered return optimization notes tied to Euro Stoxx
By Tali Rackner
Norfolk, Va., Sept. 4 – Citigroup Inc. plans to price 0% buffered return optimization securities due Sept. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum payment of $14.70 to $15.10 per security. The exact cap will be set at pricing.
Investors will receive par if the index is zero or falls by up to 10% and will be exposed to losses beyond 10%.
Citigroup Global Markets Inc. is the agent and UBS Financial Services Inc. is the dealer.
The notes will price on Sept. 25 and settle on Sept. 30.
The Cusip number is 17323Q676.
© 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.