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 Håkan Dahlström Print this page
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