Citigroup to price five-year notes tied to three S&P 500, ETFs baskets

By Marisa Wong

Madison, Wis., Nov. 9 - Citigroup Funding Inc. plans to price 0% notes due November 2015 based on the value of the best performing basket of three global equity baskets, according to a 424B2 filing with the Securities and Exchange Commission.

Each basket comprises the S&P 500 index, the iShares MSCI EAFE index fund and the iShares MSCI Emerging Markets index fund. In each basket, one component will have a weight of 80% and the other two components will be weighted 10% each.

The payout at maturity will be par plus 90% to 100% of the return of the best performing basket, which could be positive or negative.

The exact deal terms for the notes (Cusip: 17316G644) will be set at pricing.

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.