New Issue: Citigroup prices $3.44 million barrier digital plus notes on Euro Stoxx

By Marisa Wong

Madison, Wis., June 28 - Citigroup Inc. priced $3.44 million of 0% enhanced barrier digital plus securities due June 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the barrier level - 65% of the initial level - the payout at maturity will be par plus the greater of the index return and the 26% fixed return amount.

If the final index level falls below the barrier level, investors will be fully exposed to the index decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Funding Inc.
Issue:	Enhanced barrier digital plus securities
Underlying index:	Euro Stoxx 50
Amount:	$3.44 million
Maturity:	June 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to barrier level, par plus greater of index return and 26%; if final level is less than barrier level, full exposure to index decline
Initial level:	2,543.37
Barrier level:	1,653.191, 65% of initial level
Pricing date:	June 25
Settlement date:	June 28
Underwriter:	Citigroup Global Markets Inc.
Fees:	3%
Cusip:	1730T0TW9

© 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.