New Issue: Citi prices $1.24 million 9% single observation ELKS linked to Twitter

By Susanna Moon

Chicago, June 18 – Citigroup Inc. priced $1.24 million of 9% single observation Equity LinKed Securities due June 21, 2016 linked to Twitter, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The payout at maturity will be par unless the stock finishes below the trigger level, 80% of the initial share price, in which case the payout will be a number of Twitter shares equal to $1,000 divided by the initial share price or, at the issuer's option, the cash equivalent.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Equity LinKed Securities
Underlying stock:	Twitter, Inc. (NYSE: TWTR)
Amount:	$1,235,000
Maturity:	June 21, 2016
Coupon:	9%, payable monthly
Price:	Par
Payout at maturity:	If stock falls below trigger level, 28.71913 Twitter shares; otherwise, par
Initial level:	$27.856
Trigger level:	$34.82, 80% of initial level
Pricing date:	June 16
Settlement date:	June 19
Underwriter:	Citigroup Global Markets Inc.
Fees:	1%
Cusip:	17298CBH0

© 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.