By Toni Weeks
San Luis Obispo, Calif., March 28 - Citigroup Inc. priced $6.25 million of 0% market-linked notes due Oct. 1, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The average index return will be the average of the index returns on each quarterly valuation date during the life of the notes.
If the average index return is positive, the payout at maturity will be par plus 105% of the return.
If the average index return is zero or negative, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Citigroup Inc.
|
Issue: | Market-linked notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $6,247,000
|
Maturity: | Oct. 1, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If average index return is positive, par plus 105% of the return; if average index return is zero or positive, par
|
Initial index level: | 16,268.99
|
Average index return: | Average of index return percentages on each quarterly valuation date during the life of the notes
|
Pricing date: | March 26
|
Settlement date: | March 31
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3%
|
Cusip: | 1730T0K99
|
© 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.