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 to price buffered PLUS linked to S&P 500 index
By Tali Rackner
Norfolk, Va., Oct. 30 – Citigroup Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Dec. 5, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the index, up to a maximum return of at least 24.75%. The exact cap will be set at pricing.
Investors will receive par if the index declines by up to 10% and will be exposed to any losses beyond the 10% buffer.
Citigroup Global Markets Inc. is the agent.
The notes will price on Nov. 30.
The Cusip number is 17323P306.
© 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.