| 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 |
Citi plans contingent return optimization securities linked to S&P 500
By Susanna Moon
Chicago, April 3 - Citigroup Inc. plans to price 0% contingent return optimization securities due Oct. 30, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% trigger level, the payout at maturity will be par of $10 plus the greater of the 6% contingent return and any index gain up a maximum return of 31% to 37%.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter with UBS Financial Services Inc. handling distribution.
The notes will price on April 25 and settle three days later.
The Cusip number is 173095738.
© 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.