Published on 4/6/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $3.41 million buffered PLUS tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., April 6 – Citigroup Inc. priced $3.41 million of 0% buffered Performance Leveraged Upside Securities due Oct. 3, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, up to a maximum return of 36%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Citigroup Global Markets Inc. is the underwriter, with Morgan Stanley Wealth Management as a dealer.
Issuer: | Citigroup Inc.
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Issue: | Buffered Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $3,414,750
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Maturity: | Oct. 3, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par double the index return, subject to maximum payout of par plus 36%; par if index falls by up to 10%; full exposure to decline beyond 10%
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Initial index level: | 3,004.93
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Pricing date: | March 31
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Settlement date: | April 5
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Underwriter: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 17323P298
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