Published on 11/12/2014 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.17 million trigger PLUS linked to Euro Stoxx 50
By Jennifer Chiou
New York, Nov. 12 – Citigroup Inc. priced $6,165,600 of 0% trigger Performance Leveraged Upside Securities due Nov. 13, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 400% of the index return, subject to a maximum return of 40.25%.
Investors will receive par if the index declines by 20% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 20%.
Citigroup Global Markets Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Citigroup Inc.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $6,165,600
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Maturity: | Nov. 13, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index return is positive, par plus 400% of index return, subject to 40.25% maximum return; par if final index level is less than or equal to initial level but greater than or equal to trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
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Initial index level: | 3,064.92
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Trigger level: | 2,451.936, 80% of the initial price
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Pricing date: | Nov. 7
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Settlement date: | Nov. 13
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Agent: | Citigroup Global Markets Inc.
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 17322X771
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