| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
Citigroup to price market-linked notes due 2015 linked to Russell 2000
By Marisa Wong
Madison, Wis., Feb. 3 - Citigroup Funding Inc. plans to price 0% market-linked notes due 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will have a maturity of 36 to 42 months.
If the final index level is greater than the initial index level but less than or equal to the upside knock-out level - 124% of the initial level - the payout at maturity will be par plus the index return. If the final level is greater than the upside knock-out level, the payout will be par plus 6%. If the index finishes below the initial level, investors will receive par.
The notes (Cusip: 1730T0WA3) are expected to price on Feb. 23 and settle three days after that.
Citigroup Global Markets Inc. is the underwriter.
© 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.