Published on 11/10/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $5.64 million of leveraged buffered notes tied to Euro Stoxx
By Tali Rackner
Norfolk, Va., Nov. 10 – Citigroup Inc. priced $5,637,000 of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 4, 2019 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 175% of any index gain, up to a maximum return of 41%.
If the index falls by up to 20%, the payout will be par.
If the index loses more than 20%, the payout will be par less any decrease beyond 20%.
Citigroup Global Markets Inc. and Wells Fargo Securities LLC are the agents.
| Issuer: | Citigroup Inc.
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| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5,637,000
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| Maturity: | Nov. 4, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If the index return is positive, par plus 150% of the index return, capped at 41%; par if the index declines by 20% or less; 1% loss for every 1% drop beyond 20%
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| Initial level: | 3,418.23
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| Buffer level: | 2,734.584, 80% of initial level
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
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| Agents: | Citigroup Global Markets Inc. and Wells Fargo Securities LLC
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| Fees: | 3.05%
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| Cusip: | 17298C3C0
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