Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Funding Inc. > News item |
Citigroup plans five-month 16% to 16.75% ELKS linked to JDS Uniphase
By Toni Weeks
San Diego, March 28 - Citigroup Funding Inc. plans to price 16% to 16.75% annualized Equity LinKed Securities due Sept. 1, 2011 linked to JDS Uniphase shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact rate will be set at pricing.
The payout at maturity will be par of $10 unless JDS Uniphase shares fall to or below 60% of the initial price during the life of the notes, in which case the payout will be a number of shares of JDS Uniphase stock equal to $10 divided by the initial price or a cash amount equal to the value of those shares.
The notes (Cusip: 17316G172) are expected to price March 28 and settle three business days later.
Citigroup Global Markets Inc. is the underwriter and will pay selling concessions to its affiliate, Morgan Stanley Smith Barney LLC.
© 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.