By Susanna Moon
Chicago, Dec. 13 - Citigroup Inc. priced $3.5 million of 0% buffered return optimization securities due Dec. 18, 2015 linked to iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any fund gain, up to a maximum return of 19%.
Investors will receive par if the shares fall by up to 10% and will lose 1% for every 1% decline beyond 10%.
Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffered return optimization securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $3.5 million
|
| Maturity: | Dec. 18, 2015
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any fund gain, capped at 19%; par if shares fall by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial level: | $41.09
|
| Pricing date: | Dec. 11
|
| Settlement date: | Dec. 17
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Agent: | UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 17321F425
|
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