Published on 6/30/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.77 million barrier digital plus notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., June 30 – Citigroup Inc. priced $3.77 million of 0% barrier digital plus securities due June 30, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive or zero, the payout at maturity will be par plus the greater of the index return and 36%. Investors will receive par if the index falls by 20% or less and will be fully exposed to the index’s decline from the initial level if it falls by more than 20%.
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: | $3.77 million
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Maturity: | June 30, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive or zero, par plus greater of index return and 36%; if index return is negative but final index level is greater than or equal to barrier level, par; full exposure to index’s decline from initial level if final index level is less than barrier level
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Initial level: | 3,610.91
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Barrier level: | 2,888.728, 80% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3%
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Cusip: | 17298CBF4
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