E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/15/2015 in the Prospect News Structured Products Daily.

Citigroup plans to price buffered PLUS linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Sept. 15 – Citigroup Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Oct. 4, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gain in the index, up to a maximum return of at least 40.5%. The exact cap will be set at pricing.

Investors will receive par if the index declines by up to 10% and will be exposed to any losses beyond the 10% buffer.

Citigroup Global Markets Inc. is the agent.

The notes will price on Sept. 30.

The Cusip number is 17323Q650.


© 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.