New Issue: Citigroup prices $13.56 million trigger PLUS linked to Euro Stoxx 50

By Susanna Moon

Chicago, Aug. 26 – Citigroup Inc. priced $13.56 million of 0% trigger Performance Leveraged Upside Securities due Aug. 24, 2018 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 of $10 plus 800% of any index gain, up to a maximum return of 43%.

If the index falls by up to the 90% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

Citigroup Global Markets Inc. is the agent.

Issuer:	Citigroup Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$13,563,950
Maturity:	Aug. 24, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index gains, par plus 800% of return, capped at 43%; if index falls by up to 10%, par; if index finishes below trigger level, full exposure to any losses
Initial level:	3,247.26
Trigger level:	2,922.534, 90% of initial level
Pricing date:	Aug. 21
Settlement date:	Aug. 26
Agent:	Citigroup Global Markets Inc.
Fees:	2.5%
Cusip:	17323Q742

© 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.