Published on 9/17/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.42 million PLUS linked to Euro Stoxx Banks
By Marisa Wong
Morgantown, W.Va., Sept. 17 – Citigroup Inc. priced $1.42 million of 0% Performance Leveraged Upside Securities due Dec. 20, 2016 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 24%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $1,423,810
|
| Maturity: | Dec. 20, 2016
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 24%; exposure to any losses
|
| Initial level: | 137.91
|
| Pricing date: | Sept. 15
|
| Settlement date: | Sept. 18
|
| Agent: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 17323Q726
|
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