Published on 8/17/2015 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.81 million capped return enhanced notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Aug. 17 – Citigroup Inc. priced $1.81 million of 0% capped return enhanced notes due Aug. 31, 2016 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 triple any index gain, up to a maximum return of 18.84%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the underwriter.
| Issuer: | Citigroup Inc.
|
| Issue: | Capped return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,809,000
|
| Maturity: | Aug. 31, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at 18.84%; exposure to any losses
|
| Initial level: | 3,491.03
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 19
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Fees: | 1%
|
| Cusip: | 17298CDQ8
|
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