Citigroup plans leveraged barrier securities linked to Alerian MLP ETF

By Marisa Wong

Morgantown, W.Va., Jan. 3 – Citigroup Global Markets Holdings Inc. plans to price 0% barrier securities due Jan. 7, 2021 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Citigroup Inc.

If the final share price is greater than the initial share price, the payout at maturity will be par plus at least 225% of the ETF gain. The exact leverage factor will be set at pricing.

If the final share price is less than or equal to the initial share price but greater than or equal to the 70% barrier price, the payout will be par.

If the final share price is less than the barrier price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

Citigroup Global Markets Inc. is the underwriter.

The notes will price on Jan. 4.

The Cusip number is 17324CDS2.

© 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.