By Marisa Wong
Madison, Wis., Oct. 2 - Citigroup Inc. priced $2.12 million of 0% dual directional trigger Performance Leveraged Upside Securities due Oct. 5, 2015 linked to the Market Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 150% of the fund return, subject to a maximum return of 57%.
If the final share price is less than the initial share price but is greater than or equal to the trigger price, the payout will be par plus the absolute value of the fund return. The trigger price is 80% of the initial share price.
If the final share price is less than the trigger price, investors will be fully exposed to the decline from the initial share price.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | Market Vectors Gold Miners exchange-traded fund
|
| Amount: | $2,115,000
|
| Maturity: | Oct. 5, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 150% of fund return, capped at 57%; if final share price is less initial share price but greater than or equal to trigger price, par plus absolute value of fund return; if final share price is less than trigger level, full exposure to decline from initial share price
|
| Initial share price: | $25.06
|
| Trigger level: | $20.048, 80% of initial price
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | Citigroup Global Markets Inc.
|
| Fees: | 2.25%
|
| Cusip: | 17321F854
|
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