Published on 9/4/2012 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $14.46 million trigger jump securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 4 - Citigroup Funding Inc. priced $14.46 million of 0% trigger jump securities due Aug. 27, 2015 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus the greater of 19% and the index return. If the final index level is 65% to 100% of the initial level, the payout will be par. If the final index level is less than 65% of the initial level, investors will be fully exposed to the decline from the initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Funding Inc.
|
Issue: | Trigger jump securities
|
Underlying index: | S&P 500
|
Amount: | $14,455,000
|
Maturity: | Aug. 27, 2015
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If final index level is greater than initial index level, par plus greater of 19% and index return; par if final index level is greater than or equal to trigger level but less than or equal to initial level; full exposure to index decline if final index level is less than trigger level
|
Initial index level: | 1,399.48
|
Trigger level: | 909.662, 65% of initial level
|
Pricing date: | Aug. 30
|
Settlement date: | Sept. 5
|
Underwriter: | Citigroup Global Markets Inc.
|
Fees: | 3%
|
Cusip: | 17318Q632
|
© 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.