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 to sell trigger jump securities due 2015 linked to S&P 500
By Marisa Wong
Madison, Wis., Jan. 30 - Citigroup Funding Inc. plans to price 0% trigger jump securities due February 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the greater of the index return and the upside payment of $2.30 to $2.80 per $10 security. The exact upside payment will be set at pricing.
Investors will receive par if the index declines by up to 35% and will be exposed to losses from the initial level if the index declines by more than 35%.
The notes (Cusip: 17317U220) are expected to price on Feb. 28 and settle three business days after that.
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.