| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citigroup to price dual directional barrier notes linked to S&P 500
By Susanna Moon
Chicago, May 15 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due Nov. 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 the initial level, the payout at maturity will be par plus the index return, up to a maximum return that of 17.5% to 20%. The exact cap will be set at pricing.
If the index falls by up to the 70% barrier, 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 May 24.
The Cusip number is 17324CJ56.
© 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.