By Toni Weeks
San Luis Obispo, Calif., Dec. 3 - Citigroup Inc. priced $2.88 million of 0% buffered Performance Leveraged Upside Securities due June 3, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any gain in the fund, up to a maximum return of 23.25%.
Investors will receive par if the fund declines by up to 10% and will be exposed to any losses beyond the 10% buffer.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $2,883,790
|
| Maturity: | June 3, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 23.25%; par if fund falls by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial price: | $42.35
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17321F664
|
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