Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Citigroup to price 0% index-linked notes due 2014 linked to S&P 500
By Marisa Wong
Madison, Wis., Aug. 1 - Citigroup Funding Inc. plans to price 0% index-linked notes due Aug. 28, 2014 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 120% to 125% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive a par if the index declines by up to 20% and will share fully in losses if the index declines beyond 20%.
The notes (Cusip: 1730T0NG0) are expected to settle in August.
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.