Published on 10/28/2014 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $15.44 million PLUS on iShares China Large-Cap ETF
By Marisa Wong
Madison, Wis., Oct. 28 – Citigroup Inc. priced $15.44 million of 0% Performance Leveraged Upside Securities due Nov. 30, 2015 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, up to a maximum return of 22%.
Investors will share in losses.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
|
Issue: | Performance Leveraged Upside Securities
|
Underlying ETF: | iShares China Large-Cap ETF
|
Amount: | $15,443,500
|
Maturity: | Nov. 30, 2015
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus triple any fund gain, up to a maximum return of 22%; investors will share in losses
|
Initial price: | $38.64
|
Pricing date: | Oct. 24
|
Settlement date: | Oct. 29
|
Agent: | Citigroup Global Markets Inc.
|
Fees: | 2.2%
|
Cusip: | 17322X888
|
|
© 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.