Citigroup plans notes with minimum payout linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 18 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due July 22, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 66.75% of the index return.

If the final index level is less than the initial index level, investors will be exposed to the decline, subject to a minimum payout of $950 per $1,000 principal amount of notes.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the agent.

The notes will price July 19.

The Cusip number is 17327TSD9.

© 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.