Published on 4/6/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $14.36 million trigger PLUS linked to WisdomTree India
By Marisa Wong
Madison, Wis., April 6 – Citigroup Inc. priced $14.36 million of 0% trigger Performance Leveraged Upside Securities due April 5, 2017 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus two times any fund gain, up to a maximum return of 30%.
Investors will receive par if the shares fall by up to 15% and will be fully exposed to the decline if the fund falls below the 85% trigger level.
Citigroup Global Markets Inc. is the underwriter with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying fund: | WisdomTree India Earnings fund
|
| Amount: | $14,364,000
|
| Maturity date: | April 5, 2017
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 30%; par if fund falls by up to 15%; otherwise, full exposure to any losses
|
| Initial level: | $22.80
|
| Trigger level: | $19.38, 85% of the initial price
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Underwriter: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.5%
|
| Cusip: | 17323B612
|
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