New Issue: Citigroup prices $2.37 million contingent buffered notes linked to Euro Stoxx 50

By Toni Weeks

San Luis Obispo, Calif., March 3 – Citigroup Inc. priced $2.37 million of 0% contingent buffered notes due Aug. 31, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain. Investors will receive par if the index declines but ends at or above 79.45% of its initial level and will be fully exposed to any losses if the index declines beyond 79.45% of its starting value.

The final index level will be the average of the closing index levels on the five trading days ending Aug. 26, 2016.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Contingent buffered notes
Underlying index:	Euro Stoxx 50
Amount:	$2,374,000
Maturity:	Aug. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return; par if index declines but ends at 79.45% or more of its initial level; full exposure to decline if index ends below 79.45% of its initial level
Initial level:	3,599.0
Barrier level:	2,859.406, 79.45% of initial level
Pricing date:	Feb. 27
Settlement date:	March 4
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.25%
Cusip:	1730T05J4

© 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.