
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 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
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