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 callable contingent coupon notes linked to three indexes
By Sarah Lizee
Olympia, Wash., July 9 – Citigroup Global Markets Holdings Inc. plans to price callable contingent coupon notes due July 29, 2022 linked to the least performing of the S&P 500 index, the MSCI Emerging Markets index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 8.65% if each underlying index closes at or above its coupon barrier level, 70% of its initial price, on the observation date for that period.
The notes will be callable quarterly in whole at par.
If each asset finishes at or above its barrier level, 70% of its initial level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the least-performing asset.
Citigroup Global Markets Inc. is the agent.
The notes will price on July 26.
The Cusip number is 17327TLZ7.
© 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.