Citigroup plans to price 0% trigger PLUS linked to S&P 500

By Toni Weeks

San Diego, Aug. 17 - Citigroup Funding Inc. plans to price 0% trigger Performance Leveraged Upside Securities due August 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 150% to 160% of any gain in the index. The exact leverage factor will be determined at pricing.

Investors will receive par if the index falls by up to 50% and will be fully exposed to losses if it declines beyond 50%.

The notes (Cusip: 17317U683) are expected to price Aug. 25.

Citigroup Global Markets Inc. is the underwriter.

© 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.