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Prospect News home > News index > List of issuers H > Headlines for Halliburton Co. > News item |
Citigroup plans 7.1%-9.1% single observation ELKS tied to Halliburton
By Susanna Moon
Chicago, Nov. 16 - Citigroup Funding Inc. plans to price 7.1% to 9.1% annualized single observation Equity LinKed Securities due May 30, 2013 linked to Halliburton Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The payout at maturity will be par of $10 in cash unless the Halliburton shares finishes below the 80% trigger level, in which case the payout will be a number of Halliburton shares equal to $10 divided by the initial share price or, at each holder's option, the cash equivalent.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Nov. 29 and settle three business days later in December.
The Cusip number is 17318Q384.
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