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 five-year annual reset coupon notes linked to Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 13 – Citigroup Global Markets Holdings Inc. plans to price annual reset coupon securities due Feb. 28, 2022 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.
Interest will be payable annually. If the index return is at least zero, the coupon for that year will be 4.5% to 5.5%, with the exact rate to be set at pricing. Otherwise, the coupon will be 3%.
The payout at maturity will be par unless the index falls by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Feb. 23.
The Cusip number is 17324CEQ5.
© 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.