By Tali Rackner
Norfolk, Va., Jan. 6 – Citigroup Inc. priced $1.03 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due July 5, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 175% of any index gain, up to a maximum return of 27%.
If the index falls by up to 10%, the payout will be par.
If the index loses more than 10%, the payout will be par less any decrease beyond 10%.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.
Issuer: | Citigroup Inc.
|
Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
Underlying fund: | iShares MSCI EAFE exchange-traded fund
|
Amount: | $1,031,000
|
Maturity: | July 5, 2018
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If the index return is positive, par plus 175% of the index return, capped at 27%; par if the index declines by 10% or less; 1% loss for every 1% drop beyond 10%
|
Initial price: | $59.52
|
Buffer price: | $53.568, 90% of initial level
|
Pricing date: | Dec. 30
|
Settlement date: | Jan. 5
|
Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
|
Fees: | 2.51%
|
Cusip: | 17298C4U9
|
|
|
© 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.