Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares U.S. Real Estate ETF > News item |
Citigroup plans digital notes tied to iShares U.S. Real Estate ETF
By Susanna Moon
Chicago, July 30 – Citigroup Global Markets Holdings Inc. plans to price 0% digital securities due Feb. 13, 2020 linked to the iShares U.S. Real Estate ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus the greater of the digital return of 14% to 16%. The exact digital return will be set at pricing.
Otherwise, investors will receive a number of shares equal to $1,000 divided by the initial share price.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price on Aug. 8.
The Cusip number is 17324XMA5.
© 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.