Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Market Vectors Gold Miners exchange-traded fund > News item |
Citigroup plans jump securities tied to Market Vectors Gold Miners ETF
By Toni Weeks
San Diego, July 7 - Citigroup Funding Inc. plans to price 0% jump securities due January 2012 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final price is greater than the initial price, the payout at maturity will be par plus an upside payment of 10% to 12% that will be set at pricing. Investors will be exposed to any decline.
The securities (Cusip: 17317U741) are expected to price July 20 and settle three business days later.
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.