Published on 2/24/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.49 million buffered jump securities on index basket
By Toni Weeks
San Luis Obispo, Calif., Feb. 24 – Citigroup Inc. priced $5.49 million of 0% buffered jump securities due Feb. 25, 2019 linked to an equally weighted basket of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes above its initial level, the payout at maturity will be par of $10 plus the greater of the basket return and 19%. 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. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | Citigroup Inc.
|
| Issue: | Buffered jump securities
|
| Underlying basket: | Euro Stoxx 50 index and Russell 2000 index, equally weighted
|
| Amount: | $5,489,440
|
| Maturity: | Feb. 25, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket gains, par plus greater of basket return and 19%; par if basket declines by up to 10%; 1% loss for every 1% decline beyond 10%
|
| Initial levels: | 3,490.53 for Euro Stoxx and 1,231.79 for Russell
|
| Initial basket level: | 1,000
|
| Basket buffer level: | 90% of initial level
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 25
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 17323B802
|
© 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.
