By Marisa Wong
Madison, Wis., Dec. 2 – Citigroup Inc. priced $1.51 million of 0% trigger performance securities due Nov. 29, 2019 linked to the Vanguard FTSE Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 122.75% of any fund gain.
If the fund finishes at or above the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Citigroup Global Markets Inc. is the underwriter. UBS Financial Services Inc. is the agent.
| Issuer: | Citigroup Inc.
|
| Issue: | Trigger performance securities
|
| Underlying ETF: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $1,508,250
|
| Maturity: | Nov. 29, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 122.75% of any fund gain; if fund finishes at or above trigger level, par; otherwise, investors will be fully exposed to any lossesa
|
| Initial price: | $42.78
|
| Trigger price: | $32.09, 75% of initial price
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 28
|
| Underwriter: | Citigroup Global Markets Inc. with UBS Financial Services Inc. as agent
|
| Fees: | 3.5%
|
| Cusip: | 17322X797
|
|
|
© 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.
