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 four-year trigger step securities linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 22 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger step securities due Feb. 26, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and the step return, which is expected to be 34% to 38% and will be set at pricing.
If the index declines by 25% or less, the payout will be par.
If the index declines beyond 25%, investors will be exposed to the index’s decline from its initial level.
Citigroup Global Markets Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Feb. 23.
The Cusip number is 17325E440.
© 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.