Citigroup plans 23- to 26-month capped notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Citigroup Inc. plans to price 23- to 26-month 0% notes linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 300% of any index gain up to a maximum settlement amount expected to be between $1,249 and $1,291 for every $1,000 principal amount. The exact cap will be set at pricing.

Investors will be fully exposed to any decline in the index.

Citigroup Global Markets Inc. is the agent.

The notes will price on Jan. 20 and settle five business days later.

The Cusip number is 17298C6F0.

© 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.