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 market-linked notes on S&P, Stoxx, high-yield ETF
New York, April 26 – Citigroup Global Markets Holdings Inc. plans to price 0% market-linked notes due May 30, 2023 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 25% weight, the Euro Stoxx 50 index with a 25% weight and the iShares iBoxx $ High Yield Corporate Bond ETF with a 50% weight.
The payout at maturity will be par plus 120% to 130% of any basket gain. The exact upside participation rate will be set at pricing.
If the basket falls, the payout will be par.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on May 24 and settle three business days later.
The Cusip number is 17324CUH7.
© 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.