By Susanna Moon
Chicago, July 26 - Citigroup Inc. priced $9.94 million of 0% buffered return optimization securities due Jan. 30, 2015 linked to a basket of equally weighted exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying funds are the Industrial Select Sector SPDR fund, the Financial Select Sector SPDR fund and the SPDR S&P Homebuilders ETF.
The payout at maturity will be par of $10 plus 200% of any basket gain, up to a maximum return of 15.75%.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying basket: | Industrial Select Sector SPDR fund, the Financial Select Sector SPDR fund and the SPDR S&P Homebuilders ETF, equally weighted
|
| Amount: | $9,944,000
|
| Maturity: | Jan. 30, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any basket gain, capped at 15.75%; par if basket falls by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial levels: | $45.06 for Industrial SPDR, $20.64 for Financial SPDR and $30.19 for SPDR S&P Homebuilders
|
| Pricing date: | July 24
|
| Settlement date: | July 29
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 173095191
|
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