New Issue: Citigroup prices $1.49 million buffer securities on iShares MSCI EAFE

By Toni Weeks

San Luis Obispo, Calif., Jan. 23 - Citigroup Inc. priced $1.49 million of 0% buffer securities due Jan. 26, 2016 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial price, the payout at maturity will be par plus the return, subject to a maximum return of 17%. If the fund declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the fund declines beyond 10%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffer securities
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$1,489,000
Maturity:	Jan. 26, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price is greater than initial price, par plus ETF return, subject to 17% maximum return; par if fund declines by 10% or less; 1% loss for every 1% that fund declines beyond 10%
Initial price:	$67.13
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Underwriter:	Citigroup Global Markets Inc.
Fees:	2.25%
Cusip:	1730T0G94

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.