Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for iShares FTSE China 25 index fund > News item |
Citi plans enhanced trigger jump notes linked to iShares FTSE China 25
By Angela McDaniels
Tacoma, Wash., Sept. 28 - Citigroup Funding Inc. plans to price 0% enhanced trigger jump securities due Oct. 30, 2017 linked to the iShares FTSE China 25 index fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the trigger price, the payout at maturity will be par of $10 plus the greater of the fixed return amount, which is expected to be 40% to 43% and will be set at pricing, and the ETF return. The trigger price will be 80% of the initial share price.
If the final share price is less than or equal to the trigger price, investors will be fully exposed to the ETF's decline from the initial price.
The notes are expected to price Oct. 30 and settle three business days later.
Citigroup Global Markets Inc. is the underwriter.
The Cusip number is 17318Q558.
© 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.