Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Citigroup Funding Inc. > News item |
Citigroup plans to price six-month 8%-10% ELKS on Chesapeake Energy
By Toni Weeks
San Diego, Feb. 28 - Citigroup Funding Inc. plans to price 8% to 10% annualized Equity LinKed Securities due Sept. 21, 2011 based on the performance of Chesapeake Energy Corp. shares, according to an FWP filing with the Securities and Exchange Commission.
Interest will be payable monthly. The exact rate will be set at pricing.
The payout at maturity will be par of $10 unless Chesapeake shares fall to or below 80% of the initial price during the life of the notes, in which case the payout will be a number of shares of Chesapeake stock equal to $10 divided by the initial price or, at the investor's option, a cash amount equal to the value of those shares.
The notes (Cusip: 17316G297) are expected to price March 25 and settle March 30.
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.