Citi turns to decrement indexes for single-stock autocalls

US bank claims new Stoxx indexes for 23 single names will slash hedging costs and boost coupons

Citi's London office
Håkan Dahlström

Citi is set to roll out a series of fixed dividend autocallable notes on individual stocks – the first time the technology, which is already fuelling the market for index products, has been applied to single names on an industrial scale.  

The retail structured notes will reference a new set of so-called decrement indexes from Deutsche Börse-owned index provider Stoxx. The indexes are available for 23 individual stocks, ranging from US corporate giants Walmart and Disney to popular Swiss

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: