Published on 8/12/2014 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $7.19 million barrier digital plus notes on Euro Stoxx
By Susanna Moon
Chicago, Aug. 12 – Citigroup Inc. priced $7.19 million of 0% barrier digital plus securities due Aug. 13, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index at or above the barrier level – 70% of the initial level – the payout at maturity will be par plus the greater of the index return and the 40.5% fixed return amount.
If the index falls by more than 30%, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Barrier digital plus securities
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Underlying index: | Euro Stoxx 50
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Amount: | $7,187,000
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Maturity: | Aug. 13, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above barrier level, par plus greater of index return and 40.5%; otherwise, full exposure to any losses
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Initial level: | 3,006.83
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Barrier level: | 2,104.781, 70% of initial level
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Pricing date: | Aug. 8
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Settlement date: | Aug. 13
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.5%
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Cusip: | 1730T0W88
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