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 10/6/2015 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $6.76 million buffered return optimization notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Oct. 6 – Citigroup Inc. priced $6.76 million of 0% buffered return optimization securities due Sept. 28, 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 1.5 times any index gain, up to a maximum return of 50.4%. Investors will receive par if the index falls by up to 10% and will be exposed to any losses in excess of 10%.

Citigroup Global Markets Inc. and UBS Financial Services Inc. are the underwriters.

Issuer:Citigroup Inc.
Issue:Buffered return optimization securities
Underlying index:Euro Stoxx 50
Amount:$6,761,540
Maturity:Sept. 28, 2018
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 1.5 times any index gain, up to a maximum return of 50.4%; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%
Initial level:3,113.16
Pricing date:Sept. 25
Settlement date:Sept. 30
Underwriters:Citigroup Global Markets Inc. and UBS Financial Services Inc.
Fees:2.5%
Cusip:17323Q676

© 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.