Published on 3/27/2013 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.33 million buffered return optimization notes linked to Russell 2000
By Angela McDaniels
Tacoma, Wash., March 27 - Citigroup Inc. priced $6.33 million of 0% buffered return optimization securities due March 31, 2015 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 200% of any index gain, subject to a maximum return of 17.4%. Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter, and UBS Financial Services Inc. is agent.
Issuer: | Citigroup Inc.
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Issue: | Buffered return optimization securities
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Underlying index: | Russell 2000
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Amount: | $6,328,060
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Maturity: | March 31, 2015
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 200% of any index gain, subject to 17.4% maximum return; par if index falls by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial index level: | 945.85
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Pricing date: | March 25
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Settlement date: | March 28
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Underwriter: | Citigroup Global Markets Inc.
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Agent: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 173095837
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