Published on 10/6/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $1.09 million five-year notes linked to seven stocks
By Angela McDaniels
Tacoma, Wash., Oct. 6 – Citigroup Inc. priced $1.09 million of 0% market-linked notes due Oct. 2, 2020 linked to a basket of seven stocks, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are Boeing Co., Coca-Cola Co., Colgate-Palmolive Co., Deere & Co., General Motors Co., Hershey Co. and Procter & Gamble Co.
The payout at maturity will be par plus the basket return, subject to a minimum payout of 90% of par if the return is negative and subject to a maximum return of 42% if the return is positive.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Market-linked notes
|
| Underlying stocks: | Boeing Co., Coca-Cola Co., Colgate-Palmolive Co., Deere & Co., General Motors Co., Hershey Co. and Procter & Gamble Co.
|
| Amount: | $1,092,000
|
| Maturity: | Oct. 2, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus basket return, subject to maximum loss of 10% if return is negative and subject to maximum gain of 42% if return is positive
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 2
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 2.5%
|
| Cusip: | 17298C2N7
|
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