Published on 1/21/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup prices $12.88 million notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Jan. 21 – Citigroup Inc. priced $12.88 million of 0% notes due July 24, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,219 per $1,000 principal amount of notes. If the index declines, investors will experience a loss proportionate to that decline.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Inc.
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Issue: | Notes
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Underlying index: | S&P 500
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Amount: | $12,875,000
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Maturity: | July 24, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final index level is greater than or equal to initial level, par plus 300% of index return, subject to maximum settlement amount of $1,219 per $1,000 principal amount of notes; full exposure to any index decline
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Initial index level: | 1,881.33
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Pricing date: | Jan. 19
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Settlement date: | Jan. 26
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 1.51%
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Cusip: | 17298C6A1
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