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 1/30/2017 in the Prospect News Structured Products Daily.

Citigroup plans to price PLUS due June 2018 linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., Jan. 30 – Citigroup Global Markets Holdings Inc. plans to price 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup, Inc.

If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 17.65% and will be set at pricing.

If the final index level is less than the initial index level, investors will be fully exposed to the decline.

Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is acting as a dealer.

The notes will price Feb. 15.

The Cusip number 17325E135.


© 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.