By Jennifer Chiou
New York, Nov. 6 – Citigroup Inc. priced $1 million of 0% buffer securities due Nov. 9, 2016 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The indexes are weighted equally.
If the final basket level is greater than the initial level, the payout at maturity will be par plus the return, subject to a maximum return of 16.5%.
Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
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| Issue: | Buffer securities
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| Underlying indexes: | S&P 500 and Euro Stoxx 50, equally weighted
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| Amount: | $1 million
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| Maturity: | Nov. 9, 2016
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than initial level, par plus return, subject to 16.5% maximum gain; par if basket declines by 10% or less; 1% loss for every 1% that basket declines beyond 10%
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| Initial index levels: | 2,017.81 for S&P 500; 3,082.32 for Euro Stoxx 50
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 7
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| Underwriter: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 1730T02Z1
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