Published on 4/21/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.1 million upturn notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 21 – Citigroup Inc. priced $3.1 million of 0% upturn securities due Oct. 20, 2016 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 the initial index level, the payout at maturity will be par plus 140% of the index return, subject to a maximum return of 33%. If the index return is negative, investors will be fully exposed to the decline.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Upturn securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,102,000
|
| Maturity: | Oct. 20, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 140% of any index gain, capped at 33%; full exposure to any losses
|
| Initial index level: | 3,674.05
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1.25%
|
| Cusip: | 1730T07A1
|
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