Published on 7/7/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $6.92 million PLUS linked to S&P MidCap 400
By Marisa Wong
Madison, Wis., July 7 – Citigroup Inc. priced $6.92 million of 0% Performance Leveraged Upside Securities due Oct. 5, 2016 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum return of 13%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Citigroup Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $6,918,960
|
| Maturity: | Oct. 5, 2016
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 13%; full exposure to any losses
|
| Initial index level: | 1,502.17
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Citigroup Global Markets Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.25%
|
| Cusip: | 17323B158
|
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