New Issue: Citigroup prices $7.19 million barrier digital plus notes on Euro Stoxx

By Susanna Moon

Chicago, Aug. 12 – Citigroup Inc. priced $7.19 million of 0% barrier digital plus securities due Aug. 13, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index at or above the barrier level – 70% of the initial level – the payout at maturity will be par plus the greater of the index return and the 40.5% fixed return amount.

If the index falls by more than 30%, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Barrier digital plus securities
Underlying index:	Euro Stoxx 50
Amount:	$7,187,000
Maturity:	Aug. 13, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above barrier level, par plus greater of index return and 40.5%; otherwise, full exposure to any losses
Initial level:	3,006.83
Barrier level:	2,104.781, 70% of initial level
Pricing date:	Aug. 8
Settlement date:	Aug. 13
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.5%
Cusip:	1730T0W88

© 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.