Published on 8/31/2015 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.86 million enhanced barrier digital plus notes on the Dow
By Susanna Moon
Chicago, Aug. 31 – Citigroup Inc. priced $1.86 million of 0% barrier digital plus securities due Sept. 1, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the 80% barrier level, the payout will be par plus the greater of the gain and the 22% digital return.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
|
Issue: | Barrier digital plus securities
|
Underlying index: | Dow Jones industrial average
|
Amount: | $1,857,000
|
Maturity: | Sept. 1, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is greater than or equal to barrier level, par plus greater of any gain and 22%; otherwise, full exposure to any losses
|
Initial index level: | 16,654.77
|
Barrier level: | 80% of initial level
|
Pricing date: | Aug. 27
|
Settlement date: | Sept. 1
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 3%
|
Cusip: | 17298CDL9
|
|
|
© 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.