Published on 3/18/2016 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $2.26 million PLUS due 2017 tied to Russell 2000 index
By Devika Patel
Knoxville, Tenn., March 18 – Citigroup Inc. priced $2.26 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of 20.4%.
Investors will be exposed to any losses.
Citigroup Global Markets Inc. is the agent.
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: | $2,255,770
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Maturity: | July 6, 2017
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus triple any index gain, capped at 20.4%; exposure to any losses
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Initial level: | 1,074.511
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | Citigroup Global Markets Inc.
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Fees: | 2.25%
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Cusip: | 17323P868
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