Published on 6/27/2014 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.38 million accelerated return notes on Stoxx Europe
By Marisa Wong
Madison, Wis., June 27 – Citigroup Inc. priced $5.38 million of 0% accelerated return notes due Dec. 28, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 133% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Accelerated return notes
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Underlying index: | Stoxx Europe 600
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Amount: | $5,381,000
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Maturity: | Dec. 28, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 133% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below barrier level
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Initial index level: | 341.94
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Barrier level: | 256.455, 75% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.75%
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Cusip: | 1730T0S34
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