| 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 price Elks exchangeable for Banco Bradesco
By Angela McDaniels
Seattle, Jan. 25 - Citigroup Funding Inc. plans to price an issue of Elks (equity-linked securities) due August 2006 linked to the American Depositary Receipts representing the preferred shares of Banco Bradesco SA, according to a 424B2 filing with the Securities and Exchange Commission.
The Elks will pay a coupon, to be determined at pricing.
At maturity, investors will receive par in cash unless Banco Bradesco ADRs trade below a trigger price during the life of the notes. If the trigger is hit, the payout will be Banco Bradesco ADRs. The trigger price and the number of ADRs will be set at pricing.
Citigroup will act as underwriter for the offering.
© 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.