Published on 3/19/2013 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $12.91 million 10.25% ELKS linked to Facebook
New York, March 19 - Citigroup Inc. priced $12.91 million of 10.25% Equity LinKed Securities due Sept. 19, 2013 linked to Facebook, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par in cash unless Facebook shares fall below the protection price of $21.336, 80% of the initial price of $26.67, during the life of the notes and finish below the initial price in which case the payout will be 0.37495 shares of Facebook stock.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Equity LinKed Securities
|
| Underlying stock: | Facebook, Inc.
|
| Amount: | $12.91 million
|
| Maturity: | Sept. 19, 2013
|
| Coupon: | 10.25%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par in cash unless Facebook shares fall below the protection price of $21.336, 80% of the initial price, and finish below the initial price, in which case 0.37495 shares of Facebook stock
|
| Initial price: | $26.67
|
| Protection price: | $21.336, 80% of $
|
| Exchange ratio: | 0.37495
|
| Pricing date: | March 15
|
| Settlement date: | March 20
|
| Agent: | Citigroup Global Markets Inc.
|
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