Published on 10/29/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.8 million principal-protected notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Oct. 29 – Citigroup Inc. priced $1.8 million of 0% market-linked notes due Nov. 1, 2022 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 the index return, subject to a maximum payout of $2,000 per $1,000 principal amount of notes. If the final index level is less than or equal to the initial index level, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying index: | Euro Stoxx 50
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Amount: | $1,801,000
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Maturity: | Nov. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than initial index level, par plus index return, subject to maximum return of 100%; if final index level is less than or equal to initial index level, par
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Initial index level: | 3,381.01
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Pricing date: | Oct. 27
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Settlement date: | Oct. 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.5%
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Cusip: | 17298C3A4
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