Published on 8/5/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.63 million trigger jump notes linked to Euro Stoxx
By Susanna Moon
Chicago, Aug. 5 – Citigroup Inc. priced $3.63 million of 0% trigger jump securities due Aug. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed return of 36.5%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management as dealer.
Issuer: | Citigroup Inc.
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Issue: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,631,000
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Maturity: | Aug. 5, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index gains, par plus greater of return and 36.5%; par if index declines by 25% or less; full exposure to any losses if index falls by more than 25%
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Initial level: | 3,600.69
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Trigger level: | 2,700.518, 75% of initial level
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Pricing date: | July 31
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Settlement date: | Aug. 5
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Agent: | Citigroup Global Markets Inc.
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 17323Q791
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