| 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 dual directional barrier notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 22 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due July 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus the gain, up to a maximum return of 20% to 23%.
If the index falls by up to the 70% barrier level, the payout at maturity will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Jan. 26.
The Cusip number is 17324CDN3.
© 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.