Citigroup plans 7%-8% coupon ELKS due 2019 linked to Facebook

By Susanna Moon

Chicago, Oct. 18 – Citigroup Global Markets Holdings Inc. plans to price 7% to 8% single observation Equity Linked Securities due Oct. 25, 2019 linked to the class A common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the stock finishes below its 80% downside threshold, in which case investors will receive a number of shares equal to par of $1,000 divided by the initial share price or, at the issuer’s option, the cash equivalent.

The notes will be guaranteed by Citigroup Inc.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Oct. 22.

The Cusip number is 17324XLZ1.

© 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.