Published on 6/3/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.97 million buffer securities tied to S&P MidCap 400
By Susanna Moon
Chicago, June 3 – Citigroup Inc. priced $2.97 million of 0% buffer securities due May 31, 2019 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 28.65%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying index: | S&P MidCap 400
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| Amount: | $2,967,000
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| Maturity: | May 31, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 28.65%; par if index declines by 20% or less; 1% loss per 1% drop beyond 20%
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| Initial index level: | 1,529.88
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| Pricing date: | May 28
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| Settlement date: | June 2
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 4.25%
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| Cusip: | 17298CBK3
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