E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/1/2015 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $5.79 million accelerated return notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., April 1 – Citigroup Inc. priced $5.79 million of 0% accelerated return notes due Oct. 4, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 150% of the index return. The payout will be par if the final index level is less than the initial index level but greater than or equal to the barrier level, 75% of the initial index level. Investors will be fully exposed to the index’s decline from its initial level if the final index level is less than the barrier level.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Accelerated return notes
Underlying index:Euro Stoxx 50
Amount:$5.79 million
Maturity:Oct. 4, 2018
Coupon:0%
Price:Par
Payout at maturity:If final index level is greater than or equal to initial index level, par plus 150% of index return; par if final index level is less than initial index level but greater than or equal to barrier level; be full exposure to index’s decline from initial level if final index level is less than barrier level
Initial level:3,727.80
Barrier level:2,795.85, 75% of initial level
Pricing date:March 30
Settlement date:April 2
Underwriter:Citigroup Global Markets Inc.
Fees:1.8345%
Cusip:1730T06Q7

© 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.