E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 7/6/2016 in the Prospect News Structured Products Daily.

Citigroup plans to price buffered notes linked to MSCI EAFE index

By Marisa Wong

Morgantown, W.Va., July 6 – Citigroup Global Markets Holdings Inc. plans to price 0% buffered notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The 18- to 21-month notes will be guaranteed by Citigroup Inc.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,185.25 to $1,217.50 per $1,000 principal amount of notes. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that it declines beyond 12.5%.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on July 7.

The Cusip number is 17324C6H4.


© 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.