Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Global Markets Holdings Inc. > News item |
Citigroup plans five-year leveraged barrier notes tied to Russell, S&P
By Susanna Moon
Chicago, Nov. 2 – Citigroup Global Markets Holdings Inc. plans to price barrier securities due Dec. 5, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 475% to 525% of the gain of the worse performing index up to a maximum return of 60%.
If either index falls but finishes above its 60% barrier level, the payout will be par.
If either index falls below its barrier, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by Citigroup Global Markets Inc.
Citigroup Global Markets Inc. is the agent.
The notes will price on Nov. 30.
The Cusip number is 17326YX35.
© 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.