Citi plans to price trigger gears linked to iShares MSCI EAFE ETF

By Angela McDaniels

Tacoma, Wash., May 27 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger gears due June 30, 2021 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the ETF return is greater than zero, the payout at maturity will be par of $10 plus 1.7 to 1.8 times the ETF return. The exact upside gearing will be set at pricing. Investors will receive par if the ETF declines by 25% or less and be fully exposed to the ETF’s decline from its initial share price if it declines by more than 25%.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.

The notes are expected to price June 27.

The Cusip number is 17324P263.

© 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.