Published on 12/22/2015 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $2.15 million PLUS linked to Russell 2000 index
By Tali Rackner
Norfolk, Va., Dec. 22 – Citigroup Inc. priced $2.15 million of 0% Performance Leveraged Upside Securities due March 21, 2017 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of $1.72 per PLUS.
Investors will be exposed to losses if the index declines.
Citigroup Global Markets Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
Issuer: | Citigroup Inc.
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $2,149,530
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Maturity: | March 21, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, maximum return of $1.72 per PLUS; full exposure to any decline
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Initial index level: | 1,148.974
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17323P538
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