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 10/12/2016 in the Prospect News Structured Products Daily.

Citigroup to sell buffered digital notes tied to Euro Stoxx 50 index

By Devika Patel

Knoxville, Tenn., Oct. 12 – Citigroup Global Markets Holdings Inc. plans to price 21- to 24-month 0% buffered digital notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

The exact maturity will be set at pricing.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be the threshold settlement payment of between $1,150 and $1,176 per $1,000 of notes. The exact threshold settlement payment will be set at pricing.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Citigroup Global Markets Inc. is the agent.

The Cusip is 17324CBV7.


© 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.