Citigroup to price geared buffer securities linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., April 4 - Citigroup Funding Inc. plans to price 0% geared buffer securities due May 4, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par plus 120% to 130% of the index return, with the exact participation rate set at pricing.

Investors will receive par for losses up to 30% and will share in losses at a rate of 1.4286% per 1% drop beyond 30%.

The notes (Cusip: 1730T0SW0) are expected to price April 29 and settle three business days later.

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.