Published on 12/31/2013 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $8.61 million trigger return optimization notes on Euro Stoxx 50
By Marisa Wong
Madison, Wis., Dec. 31 - Citigroup Inc. priced $8.61 million of 0% trigger return optimization securities due Dec. 30, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return, subject to a maximum return of 52.43%.
If the index return is zero or negative and the final index level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final index level is less than the trigger level, investors will be fully exposed to the index's decline from its initial level.
UBS Financial Services Inc. and Citigroup Global Markets Inc. are the agents.
Issuer: | Citigroup Inc.
|
Issue: | Trigger return optimization securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $8,607,910
|
Maturity: | Dec. 30, 2016
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is greater than zero, par plus 1.5 times index return, return capped at 52.43%; if index return is zero or negative and final index level is greater than or equal to trigger level, par; otherwise, investors will be fully exposed to index's decline from its initial level
|
Initial index level: | 3,111.37
|
Trigger level: | 2,333.53, 75% of initial level
|
Pricing date: | Dec. 27
|
Settlement date: | Dec. 31
|
Agents: | UBS Financial Services Inc. and Citigroup Global Markets Inc.
|
Fees: | 2.5%
|
Cusip: | 17321F482
|
© 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.