By Marisa Wong
Madison, Wis., Aug. 14 – Citigroup Inc. priced $1 million of 0% buffer securities due Aug. 17, 2016 linked to the MSCI World index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of 15.5%.
If the index declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffer securities
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| Underlying index: | MSCI World index
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| Amount: | $1 million
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| Maturity: | Aug. 17, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return, capped at 15.5%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Initial index level: | 1,699.35
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 15
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 0.6%
|
| Cusip: | 1730T0W96
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