Citigroup eyes trigger jump securities due 2022 tied to Apple stock

By Devika Patel

Knoxville, Tenn., Oct. 9 – Citigroup Global Markets Holdings Inc. plans to price 0% trigger jump securities due Nov. 3, 2022 linked to the common shares of Apple Inc., according to a 424B2 with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the stock finishes at or above its initial price, the payout at maturity will be par of $10 plus the fixed return amount of 40.2%. If the stock falls, but finishes above its trigger price, 80% of the initial price, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the stock from the initial price.

Citigroup Global Markets Inc. is the underwriter.

The notes (Cusip: 17327P500) will price on Oct. 16 and settle three business days after pricing.

© 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.