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 plans dual directional barrier notes linked to S&P 500
By Susanna Moon
Chicago, Oct. 7 – Citigroup Global Markets Holdings Inc. plans to price 0% dual directional barrier securities due April 30, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Citigroup Inc.
If the index finishes at or above the initial level, the payout at maturity will be par plus the index return, up to a maximum return of 20% to 23%. The exact cap will be set at pricing.
If the index falls but finishes at or above the 70% barrier level, the payout at maturity will be par plus the absolute value of the index return.
If the index finishes below the barrier level, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Oct. 27.
The Cusip number is 17324CBP0.
© 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.