Citigroup plans principal-protected notes linked to indexes, ETFs

By Angela McDaniels

Tacoma, Wash., July 3 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due Aug. 1, 2022 linked to an equally weighted basket consisting of the S&P 500 index, the Euro Stoxx 50 index, the iShares MSCI Emerging Markets exchange-traded fund, the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund and the iShares Core U.S. Aggregate Bond exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Citigroup Inc.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum return that is expected to be 30% to 35% and will be set at pricing. If the basket return is less than or equal to zero, the payout will be par.

Citigroup Global Markets Inc. is the agent.

The notes will price July 27.

The Cusip number is 17324CKX3.

© 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.