| 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 8% to 9% single observation ELKS linked to Celgene
By Angela McDaniels
Tacoma, Wash., Oct. 9 – Citigroup Inc. plans to price 8% to 9% single observation Equity Linked Securities due Nov. 3, 2016 linked to the common stock of Celgene Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact interest rate will be set at pricing.
The payout at maturity will be par unless the final share price is less than 80% of the initial share price, in which case the payout will be a number of Celgene equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
Citigroup Global Markets Inc. is the underwriter.
The notes are expected to price Oct. 29.
The Cusip number is 17298C3J5.
© 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.