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 8/5/2015 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $6.72 million trigger jump securities on Euro Stoxx

By Susanna Moon

Chicago, Aug. 5 – Citigroup Inc. priced $6.72 million of 0% trigger jump securities due Aug. 4, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index return and a fixed return of 55%.

Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.

Citigroup Global Markets Inc. is the agent, with Morgan Stanley Wealth Management as dealer.

Issuer:Citigroup Inc.
Issue:Trigger jump securities
Underlying index:Euro Stoxx 50
Amount:$6,724,290
Maturity:Aug. 4, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:If index gains, par plus greater of return and 55%; par if index declines by 35% or less; full exposure to any losses if index falls by more than 35%
Initial level:3,600.69
Trigger level:2,340.449, 65% of initial level
Pricing date:July 31
Settlement date:Aug. 5
Agent:Citigroup Global Markets Inc.
Distribution:Morgan Stanley Wealth Management
Fees:3%
Cusip:17323Q833

© 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.