Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Inc. > News item |
Citi plans 10%-12% contingent coupon callables on fund, two indexes
By Susanna Moon
Chicago, July 6 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon equity linked securities due July 21, 2022 linked to the iShares MSCI EAFE ETF, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 10% to 12% if each underlying asset closes at or above its 80% coupon barrier on each trading day for that quarter.
The notes are callable at par on any quarterly observation date after six months.
The payout at maturity will be par unless any asset finishes below its 60% trigger level, in which case investors will receive par plus the return of the worst performing asset with full exposure to any losses.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on July 17.
The Cusip number is 17324CXJ0.
© 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.