New Issue: Citi prices $12.55 million buffered digital notes tied to Russell 2000

By Angela McDaniels

Tacoma, Wash., April 4 – Citigroup Inc. priced $12.55 million of 0% buffered digital notes due April 5, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,128 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Citigroup Global Markets Inc. is the underwriter.

Issuer:	Citigroup Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000
Amount:	$12.55 million
Maturity:	April 5, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,128 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	1,114.028
Threshold level:	946.9238, 85% of initial level
Pricing date:	March 31
Settlement date:	April 7
Underwriter:	Citigroup Global Markets Inc.
Fees:	1.47%
Cusip:	17298CE38

© 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.