Published on 6/3/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.17 million market-linked notes linked to Euro Stoxx
By Toni Weeks
San Luis Obispo, Calif., June 3 – Citigroup Inc. priced $5.17 million of 0% market-linked securities with leveraged upside participation to a cap and fixed-percentage buffered downside due March 4, 2019 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 1.75 times any index gain, up to a maximum return of 37%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the 20% buffer.
Citigroup Global Markets Inc. and Wells Fargo Securities are the agents. Distribution is through Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC.
| Issuer: | Citigroup Inc.
|
| Issue: | Market-linked securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,168,000
|
| Maturity: | March 4, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.75 times any index gain, capped at 37%; par if index falls by up to 20%; exposure to losses beyond 20% buffer
|
| Initial index level: | 3,570.78
|
| Buffer level: | 2,856.624, 80% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Dealers: | Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC
|
| Fees: | 1.96%
|
| Cusip: | 17298CAW8
|
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