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 3/28/2016 in the Prospect News Structured Products Daily.

New Issue: Citigroup prices $620,000 capped return enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., March 28 – Citigroup Inc. priced $620,000 of 0% capped return enhanced notes due April 12, 2017 linked to the Euro Stoxx 50 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 plus 300% of the index return, subject to a maximum return of 22.15%. If the index return is negative, investors will be fully exposed to the decline.

Citigroup Global Markets Inc. is the underwriter.

Issuer:Citigroup Inc.
Issue:Capped return enhanced notes
Underlying index:Euro Stoxx 50
Amount:$620,000
Maturity:April 12, 2017
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus 300% of index return, subject to 22.15% maximum return; if index return is negative, full exposure to decline
Initial level:2,986.73
Final share price: Average of index’s closing levels on five trading days ending April 7, 2017
Pricing date:March 24
Settlement date:March 30
Underwriter:Citigroup Global Markets Inc.
Fees:1%
Cusip:17298CE20

© 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.