Published on 11/6/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $473,000 five-year notes linked to six stocks
By Angela McDaniels
Tacoma, Wash., Nov. 6 – Citigroup Inc. priced $473,000 of 0% market-linked notes due Nov. 5, 2020 linked to a basket of six stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Coca-Cola Co., General Mills, Inc., International Business Machines Corp., Lockheed Martin Corp., PepsiCo, Inc. and Procter & Gamble Co.
The payout at maturity will be par plus the basket return, subject to a minimum payout of 90% of par if the return is negative and subject to a maximum return of 38% if the return is positive.
Citigroup Global Markets Inc. is the agent.
Issuer: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying stocks: | Coca-Cola Co., General Mills, Inc., International Business Machines Corp., Lockheed Martin Corp., PepsiCo, Inc. and Procter & Gamble Co., equally weighted
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Amount: | $473,000
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Maturity: | Nov. 5, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus basket return, subject to maximum loss of 10% if return is negative and subject to maximum gain of 38% if return is positive
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Pricing date: | Nov. 2
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Settlement date: | Nov. 5
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.5%
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Cusip: | 17298C3R7
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