Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Electronic Arts Inc. > News item |
Citigroup plans Single Observation ELKS linked to Electronic Arts
By Angela McDaniels
Tacoma, Wash., Nov. 15 – Citigroup Global Markets Holdings Inc. plans to price Single Observation Equity Linked Securities due Nov. 27, 2020 linked to the common stock of Electronic Arts Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is expected to be 7% to 8% per year and will be set at pricing. Interest will be payable monthly.
The payout at maturity will be par unless the stock finishes below the downside threshold price, 77% of the initial share price, in which case the payout will be a number of Electronic Arts shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
The notes will be guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the underwriter.
The notes will price Nov. 22.
The Cusip number is 17324XUH1.
© 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.