New Issue: Citigroup prices $2.4 million enhanced barrier digital plus securities linked to Alibaba

By Jennifer Chiou

New York, Dec. 22 – Citigroup Inc. priced $2,402,000 of 0% enhanced barrier digital plus securities due Dec. 23, 2015 linked to American Depositary Shares representing ordinary shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.

If the shares finish at or above the barrier price, 77% of the initial price, the payout at maturity will be par plus the greater of the 10.5% fixed return and any gain, up to a maximum return of 15%.

Otherwise, investors will be exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Enhanced barrier digital plus securities
Underlying stock:	Alibaba Group Holding Ltd. (Symbol: BABA)
Amount:	$2,402,000
Maturity:	Dec. 23, 2015
Coupon:	0%
Price:	Par
Payout at maturity:	If final price is greater than or equal to barrier price, par plus greater of the 10.5% fixed return and any gain, up to a maximum return of 15%; otherwise, full exposure to losses
Initial price:	$109.25
Barrier price:	$84.123, 77% of initial price
Pricing date:	Dec. 18
Settlement date:	Dec. 23
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	1730T03L1

© 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.