Published on 4/30/2013 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $8.36 million trigger performance notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, April 30 - Citigroup Inc. priced $8.36 million of 0% trigger performance securities due April 28, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 303.61% of any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index falls below the 50% trigger level.
Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger performance securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,362,000
|
| Maturity: | April 28, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 303.61% of any index gain; par if index falls by 50% or less; full exposure to losses if index finishes below trigger level
|
| Initial index level: | 2,683.43
|
| Trigger level: | 1,341.72, 50% of initial level
|
| Pricing date: | April 26
|
| Settlement date: | April 30
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 173095712
|
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