Published on 1/30/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $456,000 market-linked notes linked to Russell 2000
New York, Jan. 30 – Citigroup Inc. priced $456,000 of 0% market-linked notes due Feb. 1, 2022 linked to the Russell 2000 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 plus the gain, capped at par plus 45%.
If the index falls, the payout will be par.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Market-linked notes
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Underlying index: | Russell 2000
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Amount: | $456,000
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Maturity: | Feb. 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus index return, if positive, capped at par plus 45%; floor of par
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Initial index level: | 1,194.66
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Pricing date: | Jan. 27
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Settlement date: | Jan. 30
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 3.5%
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Cusip: | 1730T03V9
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