By Marisa Wong
Madison, Wis., Sept. 18 – Citigroup Inc. priced $3.52 million of 0% barrier digital plus securities due Sept. 20, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus the greater of the index return and the fixed return amount of 41%.
If the final index level is less than the initial level but greater than or equal to the barrier level, 70% of the initial level, the payout will be par.
If the index finishes below the barrier level, investors will be fully exposed to the index’s decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Barrier digital plus securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,518,000
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| Maturity: | Sept. 20, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above barrier level, par plus greater of index return and 41%; otherwise, full exposure to any losses
|
| Initial level: | 3,221.73
|
| Barrier level: | 2,255.211, 70% of initial level
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 19
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.5%
|
| Cusip: | 1730T0X95
|
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