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Citigroup plans one-year currency-linked notes linked to Indian rupee
By Susanna Moon
Chicago, March 5 – Citigroup Inc. plans to price notes due March 23, 2016 linked to the performance of the Indian rupee relative to the euro, according to an FWP filing with the Securities and Exchange Commission.
If the currency remains flat or gains, the payout at maturity will be a fixed return of 19.8%.
If the currency falls by up to 5%, the payout will be par plus 5%.
If the currency falls by more than 5% but up to the contingent buffer of 15%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes will price on March 6.
The Cusip number is 1730T06F1.
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