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 0% buffered digital plus notes linked to S&P 500
By Toni Weeks
San Diego, Aug. 25 - Citigroup Funding Inc. plans to price 0% buffered digital plus notes due March 27, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the index return and the upside payment of $300 to $350 per $1,000 note. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 1730T0NR6) will settle in September.
Citigroup Global Markets Inc. is the agent.
© 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.